Some studies have attempted to determine whether it is possible to predict future returns for a stock based on publicly available quarterly earnings reports. The results of these studies indicate
A) that stock prices adjust to reflect quarterly earnings reports.
B) that stock prices do not adjust to reflect quarterly earnings reports.
C) support for the semi-strong EMH.
D) that stock prices adjust if earnings reports are released in January.
E) that stock prices do not adjust if earnings reports are released in January.

Question

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The Answer of Some studies have attempted to determine whether it is possible to predict future returns for a stock based on publicly available quarterly earnings reports. The results of these studies indicate
A) that stock prices adjust to reflect quarterly earnings reports.
B) that stock prices do not adjust to reflect quarterly earnings reports.
C) support for the semi-strong EMH.
D) that stock prices adjust if earnings reports are released in January.
E) that stock prices do not adjust if earnings reports are released in January.

Some Studies Have Attempted to Determine Whether It Is Possible