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Which of the following is a tenet of semi-strong-form efficiency? Historical data can be used to generate excess returns in the present day. Some forms
Which of the following is a tenet of semi-strong-form efficiency?
- Historical data can be used to generate excess returns in the present day.
- Some forms of fundamental analysis can provide investors excess returns.
- Individual investors can "beat" the market if enough information is made public.
- Share prices respond immediately to new information that is made public.
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
