21. Lois selects securities to invest in after carefully examining the fundamentals of a company, using the accounting s

[answerhappygod]

21 Lois Selects Securities To Invest In After Carefully Examining The Fundamentals Of A Company Using The Accounting S 1 (45.27 KiB) Viewed 48 times

21. Lois selects securities to invest in after carefully examining the fundamentals of a company, using the accounting statements in its annual reports. Peter seeks to earn abnormal returns solely by studying stock price charts and investing based on the patterns he finds in the past prices. Which one of the following statements is correct? a. If Lois earns abnormal returns this violates weak-form market efficiency. If Peter earns abnormal returns this violates strong-form market efficiency. b. If Lois earns abnormal returns this violates strong-form market efficiency. If Peter earns abnormal returns this violates weak-form market efficiency. c. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peter earns abnormal returns this violates strong-form market efficiency. d. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peter earns abnormal returns this violates weak-form market efficiency. e. If Peter and Lois both earn abnormal returns this means that markets are strong-form efficient