Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Stocks with high market betas have higher expected returns than stocks with low market betas. This evidence is inconsistent with
I. The weak form
II. The semi-strong form efficient market hypothesis
III. The strong form efficient market hypothesis
a) I, II, and III
b) I and II
c) I
d) None of I, II, and III
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