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Your client vehemently believes in the semi-strong form of market efficiency as it relates to security selection. Is the performance of Portfolio A sufficient justification

Your client vehemently believes in the semi-strong form of market efficiency as it relates to security selection. Is the performance of Portfolio A sufficient justification to convince the client otherwise - that markets are inefficient or at least less efficient? Why or why not?

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PortfolioA 0.9244x0.0026 R2 = 0.9594 10.00% 15.00% -10.00% 5.00% 5.00% 10.00% RA-Rf Linear (RA- Rf) -5:00% 1 15.00% Market Excess Return

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