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Which of the following should NOT be possible in a strong-form efficient market? I. An investor invests in stocks with high systematic risk and earns
Which of the following should NOT be possible in a strong-form efficient market? I. An investor invests in stocks with high systematic risk and earns high returns from the investment. II. An investor selects four stocks and all four stocks earn abnormal profits over the next year. III. An investor consistently beats the market by using difficult to acquire or expensive information. A I only B II only III only D I and II only E II and III only
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