Ulascalia Entasi (corsi... Enfasi (gras... 1 Normale Sottotitolo Paragrafo Titolo 11) 11. The fact that stock prices have an abnormal (after adjusting for risk) upwards drift for firms that subsequently report unexpectedly good earnings is evidence: a) Against the weak form of market efficiency. b) Against the semi-strong form of market efficiency. c) Against the strong form of market efficiency. d) None of the above. 12) 12. You are considering 3 investments. Investment A pays an annual rate of 5.15% compounded monthly, B pays an annual rate of 5.20% compounded annually, and C pays and annual rate of 5.10% compounded continuously. The ordering from worst to best in terms of effective annual rate (EAR) is a) A