You have a routine of studying the cash flows of public firms based on their quarterly financial statements. From your studies, you have determined that the market undervalues increases in a firm's operating cash flows and thus, you have been able to earn excess profits by trading on this information. This indicates that the market is less than __________ efficient.
A) weak-form
B) historical-form
C) semi-strong form
D) full-form
E) mild-form

Question

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The Answer of You have a routine of studying the cash flows of public firms based on their quarterly financial statements. From your studies, you have determined that the market undervalues increases in a firm's operating cash flows and thus, you have been able to earn excess profits by trading on this information. This indicates that the market is less than __________ efficient.
A) weak-form
B) historical-form
C) semi-strong form
D) full-form
E) mild-form

You Have a Routine of Studying the Cash Flows of Public