Which of the Following Observations Would Provide Evidence Against the Strong

question 47

Multiple Choice

Which of the following observations would provide evidence against the strong form of efficient market theory?
I.Mutual fund managers do not on average make superior returns.
II.In any year approximately 50% of all pension funds outperform the market.
III.Managers who trade in their own firm's stocks make superior returns.

• A)I only
• B)II only
• C)III only
• D)I and II only

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