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Which of the following is consistent with the semi-strong form Efficient Market Hypothesis? A. so-called value stocks outperform growth stocks B. stocks that have performed
Which of the following is consistent with the semi-strong form Efficient Market Hypothesis?
A. so-called value stocks outperform growth stocks
B. stocks that have performed well over the past year continue to perform well for several more months
C. a company announces higher than expected sales and earnings; the stock price immediately increases by 10%
D. a company announces higher than expected sales and earnings; the stock price remains unchanged
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