Question: Question 14 9 pts You are a day trader of stocks and have discovered that you can earn unusually large returns by purchasing stocks at
Question 14 9 pts You are a day trader of stocks and have discovered that you can earn unusually large returns by purchasing stocks at the open of the day's trading, selling them at noon, buying the shares back at 1:00, and selling the shares again right before the market close. Which of the following describes this trading strategy? This strategy would not be a violation of market efficiency. This strategy would be a violation of all three forms of market efficiency This strategy would only be a violation of weak orm efficiency. This strategy would only be a violation of semi-strong form efficiency. This strategy would only be a violation of strong form efficiency. Question 15 9 pts Many economists view a 3% annual inflation rate as "acceptable". Assuming a 3% annual increase in the price of automobiles, how much will a new BMW cost you 8 years from now, if today's price is $40,000? O $47,813 0 $42,110 $45,575
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