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Which of the following contradicts weak form efficiency? a) Stock prices do not reflect information that is only available to insiders. b) Good or bad
Which of the following contradicts weak form efficiency?
a) Stock prices do not reflect information that is only available to insiders.
b) Good or bad recent stock return performance continues over the next three months.
c) The cumulative abnormal returns continue to increase until six months after a firm announces a good unexpected earnings.
d) Technical analysis could not provide abnormal returns.
e) Fundamental analysis could not provide abnormal returns.
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