Moving to another question will save this response Question 1 A finance department at a U.S college held an investment competition among its 100 juniors. For three semesters in a ro student was able to select portfolios that outperformed the S&P 500 in all three semesters when the competition was hel the market would represent what issue related to empirical tests of the Efficient Market Hypothesis (EMH)? Small-firm effect Selection bias Lucky event Moving to another question will save this response Moving to another question will save this response Question 1 A finance department at a U.S college held an investment competition among its 100 juniors. For three semesters in a ro student was able to select portfolios that outperformed the S&P 500 in all three semesters when the competition was hel the market would represent what issue related to empirical tests of the Efficient Market Hypothesis (EMH)? Small-firm effect Selection bias Lucky event Moving to another question will save this response