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If a market is strong form efficient then:

technical analysts who study past market performance have a market advantage.

abnormal profits are obtainable by any and all investors.

company insiders have no advantage over John Q. Public investor.

all investments should have positive NPVs.

company insiders are the only investors capable of earning an abnormal profit.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92271268

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