Describe two common tests for the weak form and for the semi-strong form of the EMH.
Answer to relevant QuestionsState the main assumptions required for the existence of efficient markets.On the morning of March 15, Decker Marketing Inc. announced that it will pay its first dividend of $5 this year. The ex-dividend date will be July 3.a. If the announcement is a complete surprise to the market, what do you ...Would you expect investors to be more overconfident during a boom or a recession? Why?In 2012, a firm’s revenue is $90,000, cost of sales is $40,000, rent is $10,000, depreciation is $2,000, and interest paid is $2,000. Its tax rate is 35 percent.a. Construct an income statement based on this information.b. ...Suppose firms A and B have identical revenues and operating expenses, so that each has earnings before amortization and taxes of exactly $1 million. Both firms will report amortization of $200,000 on their public financial ...
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