The following are anomalies countering the efficient market hypothesis EXCEPT:
i.the small-firm effect; II)the earnings announcement puzzle; III)the new-issue puzzle; IV)trading rules based on patterns
A)I only
B)I and II only
C)I,II,and III only
D)IV only

Question

Quizplus · Accepted Answer

Trading rules based on patterns are not considered anomalies countering the efficient market hypothesis, as they often rely on technical analysis, which is generally not supported by the hypothesis.

The Following Are Anomalies Countering the Efficient Market Hypothesis EXCEPT