Question 38 The index model for stock A has been estimated with the following result: R4=0.01 + 0.9Rm+ es If OF 0.25 and RA=0.25, where R-A is the regression R squared, the standard deviation of return of stock A is A. 0.2025 B. 0.2500 C. 0.4500 D. 0.8100 E. 0.5460 Question 39 Under which of the following versions of the efficient market hypothesis (EMH) can insider trading consistently beat the market? A. The weak form B. The strong form C. Both the weak and semi-strong forms D. It is possible under all forms of the EMH E. It is impossible under all forms of the EMH Question 40 Under which of the following versions of the efficient market hypothesis (EMH) can a chartist consistently beat the market? A. The weak form B. The strong form C. Both the weak and semi-strong forms D. It is possible under all forms of the EMH E. It is impossible under all forms of the EMH