Question
Which of the following results may be inconsistent with semi-strong form market efficiency? Group of answer choices Share returns follow a predictable trend after a
Which of the following results may be inconsistent with semi-strong form market efficiency?
Group of answer choices
Share returns follow a predictable trend after a profit announcement.
Share prices react instantaneously to profit announcements.
Abnormal returns are not detected around profit announcements.
None of the given options.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
