In Tests of the Semistrong-Form Efficient Market Hypothesis,an Adjustment for Market

question 77

Multiple Choice

In tests of the semistrong-form efficient market hypothesis,an adjustment for market effects is carried out by

• A) Calculating the historical return.
• B) Calculating the market rate of return.
• C) Calculating the abnormal rate of return.
• D) Calculating the cross-sectional return.
• E) None of the above.

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