Question: (a) Define semistrongform market efficiency. (b) Using the evidence discussed in class, explain whether the evidence on the return behavior of 'size based portfolios' and

(a) Define semistrongform market efficiency.

(b) Using the evidence discussed in class, explain whether the evidence on the return behavior of 'size based portfolios' and 'booktomarket based portfolios' are consistent with the semistrong form market efficiency.

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a Semistrongform market efficiency is a theory in finance that states that all publicly available information is quickly and accurately reflected in t... View full answer

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