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Basic Question 3 of 20
In studying the impact of dividend omissions announcements on daily stock prices, Szewczyk, Tstetsekos, and Zantout found that the significant changes in price occurred on the same day.
B. These results are consistent with semi-strong-form efficiency.
C. These results are inconsistent with weak-form efficiency.
D. These results are inconsistent with all forms of market efficiency.
E. These results are consistent with all forms of market efficiency.
A. These results are consistent with strong-form efficiency.
B. These results are consistent with semi-strong-form efficiency.
C. These results are inconsistent with weak-form efficiency.
D. These results are inconsistent with all forms of market efficiency.
E. These results are consistent with all forms of market efficiency.
User Contributed Comments 3
| User | Comment |
|---|---|
| wink44 | In response to a significant event. |
| steved333 | Key is that the change happened the same day of the announcement. Immediate adjustment to new information= semistrong efficiency. |
| cong | Adjustment to public information applies to the semi-strong EMH. |
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Learning Outcome Statements
describe market anomalies
CFA® 2024 Level I Curriculum, Volume 3, Module 3.