Fama (1991) expanded the weak form of market efficient market hypothesis to include predicting future returns with the use of accounting or macroeconomic variables.Discuss

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A:

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Q: A college student whose parents do not have an income is expected to earn a negative GPA.

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.