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Which of the following statements about market efficiency is FALSE? a) Technical analysis cannot generate abnormal return if the market is semi strong-form efficient. b)

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Which of the following statements about market efficiency is FALSE? a) Technical analysis cannot generate abnormal return if the market is semi strong-form efficient. b) Since the market is not perfectly efficient in the real world, there may be a profitable technical analysis trading strategies. However, they will be ineffective when the mass of traders attempts to exploit it. c) Investment strategy based on constant dividend growth model is an example of fundamental analysis. d) If the market is strong-form efficient, fundamental analysis can generate abnormal return while technical analysis cannot

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