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Which of the following statements best applies to efficient securities market anomalies? Select one: a. They imply that accountants should increase disclosure in financial statements.

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Which of the following statements best applies to efficient securities market anomalies? Select one: a. They imply that accountants should increase disclosure in financial statements. O b. They undermine decision theory as a model of rational investor behaviour. C. They always lead to post-announcement drift. d. They are explained by high transactions costs

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