The weak form efficiency states that all past information,including security price and volume data,must be reflected in the current stock price.
Correct Answer:
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Q3: Random price movements indicate _.
A) irrational markets
B)
Q15: Beedles,Dodd and Officer (1988)find that Australian small
Q16: Haugen and Lakonishok (1988)seek to replicate the
Q17: Positive autocorrelation implies that negative price changes
Q18: The presence of autocorrelation in stock returns
Q20: The large positive returns observed for firms
Q21: An abnormal return is calculated as:
A) expected
Q22: Lakonishok,Shleifer and Vishny (1994)provide arguments why fund
Q23: Loyalists believe that the long-term patterns in
Q24: An unbiased reaction is one where there
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