Which of the following statements about efficient market hypothesis is false: () A B C It is possible to earn abnormal profits using information that is publicly available. Accounting information competes with other sources of information. It is important to distinguish new information from what has already been reflected in prices D Security prices react quickly to accounting information uick stm Type Bonds Category Amortized cost Shares Shares FVPL FVOCI Cost $195,000 55,000 60,000 the lowing investments: Fair Value at Year End $198,000 75,000 70,000 QIC earned interest of 12,000 during 2020. Dividends of 16,000 were declared on the FVPL shares it owned during 2020. Of amount, 9,000 was received in December 2020 and 7,000 was received in January 2021. How much profit or loss would QIC for the year ended December 31, 2020? A $58,000 B $48,000 C $28,000 $21,000