Which of the following would provide the most compelling evidence contradicting the semi-strong form of the efficient
Question:
Which of the following would provide the most compelling evidence contradicting the semi-strong form of the efficient markets hypothesis?
a. Transactions costs are high.
b. Low P/E stocks have positive long-term abnormal returns.
c. Approximately half of professionally managed funds outperform the overall market.
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Related Book For 
Fundamentals Of Investing
ISBN: 9781292153988
13th Global Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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