Which of the following contradicts weak form efficiency? Group of answer choices 1- Stock prices do not reflect information that is only available to insiders. 2- Good or bad recent stock return performance continues over the next three months. 3- The cumulative abnormal returns continue to increase until six months after a firm announces a good unexpected earnings. 4- Technical analysis could not provide abnormal returns. Fundamental analysis could not provide abnormal returns.

Which of the following contradicts weak form efficiency? Group of answer choices 1- Stock prices do not reflect information that is only available to insiders. 2- Good or bad recent stock return performance continues over the next three months. 3- The cumulative abnormal returns continue to increase until six months after a firm announces a good unexpected earnings. 4- Technical analysis could not provide abnormal returns. Fundamental analysis could not provide abnormal returns.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 26CYBK

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