Which is of the following provides evidence of an efficient market or not. Briefly explain your answers. To which form of efficient market are your referring in each: weak form, semi-strong, strong?
a. Active mutual funds outperforming passive ones after adjusting for risk and expenses.
b. Momentum in stock prices over 12 months
c. At the announcement of a positive earnings surprise, the price of stocks jump and continue to rise for a month with no new news.Get Finance homework help today
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