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You decide to employ a trading rule strategy on a stock that signals you to buy if today's price is greater than yesterday's price and
You decide to employ a trading rule strategy on a stock that signals you to buy if today's price is greater than yesterday's price and sell if the opposite is true. If the market for this stock is semi-strong form efficient, what would be your expected long-run rate of return?
greater than or equal to zero. | ||
less than or equal to zero. | ||
strictly positive. | ||
cannot be determined. |
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