Balls (1978) study on filter rules concluded ___________
A) Filter rules generated an abnormal profit and hence the market was weak- form efficient
B) Filter rules failed to generated an abnormal profit and hence the market was semi- strong form efficient
C) Filter rules failed to generated an abnormal profit and hence the market was weak- form efficient
D) Filter rules generated an abnormal profit and hence the market was semi- strong form efficient
Correct Answer:
Verified
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