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solina solina
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6 years ago
Which of the following is consistent with the semi-strong form efficient market hypothesis?
A) so-called value stocks outperform growth stocks.
B) stocks that have performed well over the past year continue to perform well for several more months.
C) a company announces higher than expected sales and earnings.  The stock price immediately increases by 10%.
D) a company announces higher than expected sales and earnings.  The stock price remains unchanged.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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6 years ago
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solina Author
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6 years ago
Thanks
shelbycox
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This calls for a celebration Person Raising Both Hands in Celebration
dri
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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