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Which of the following findings provides evidence against the efficient market hypothesis? I. stock prices are much more volatile than the underlying dividend stream II.
Which of the following findings provides evidence against the efficient market hypothesis?
I. stock prices are much more volatile than the underlying dividend stream II. small firm stocks tend to outperform large firms stocks even after adjusting for risk III. stock prices tend to rise quickly following a takeover announcement (e.g. AirTran) IV. stock returns tend to be predictably higher in January than other months.
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