Question: Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about

Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on?

a. Your broker’s information about record earnings for a stock?

b. Rumors about a merger of a firm?

c. Yesterday’s announcement of a successful new product test?

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