Which of the following market anomalies is inconsistent with weak-form market efficiency? A. Earnings surprise. B. Momentum
Question:
Which of the following market anomalies is inconsistent with weak-form market efficiency?
A. Earnings surprise.
B. Momentum pattern.
C. Closed-end fund discount.
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B is correct Trading based on historical momentum indicates that price ...View the full answer
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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