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Expain why and choose one answer.

Which of the following would provide the strongest evidence against the semi-strong form of the efficient market theory?

a. Fundamental analysis does not help generate abnormal returns.

b. Technical analysis is worthless in identifying mispriced stocks.

c. Stock prices response to firms’ earnings announcements gradually.

d. Mutual fund managers do not beat the market on average.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92167140

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