Question
Which of the following is evidence against the semi-strong form of efficient market hypothesis? (A) High CAPM beta stocks tend to have higher returns (B)
Which of the following is evidence against the semi-strong form of efficient market hypothesis? (A) High CAPM beta stocks tend to have higher returns
(B) Warren Buffet has beaten the market over the last 20 years
(C) Stock returns are lower on days around a full moon than on days around a new moon
D. Both A and C
E. None of the above
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
