The Common Stock of Repeat Company Has Increased in Value

question 24

Multiple Choice

The common stock of Repeat Company has increased in value every spring for the past five years and then decreased back to its original value every fall. If the market is weak-form efficient, then:

• A) knowing the past trends of the stock's price will not produce excess returns in today's market.
• B) trading on the past pricing trends of the firm will produce excess returns.
• C) having this knowledge can yield abnormal returns.
• D) the market is inefficient in respect to this information.
• E) no excess profits can be earned on this stock.

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Definitions:

Genuineness

The quality of being open, authentic, and sincere in one's interactions with others.

Client-Centered Therapy

A psychotherapeutic approach that emphasizes providing a supportive environment for clients to explore their feelings and self-worth.

True Feelings

Genuine emotions and thoughts that an individual has but might not always express openly.

Client-Centered Therapy

A humanistic therapy developed by Carl Rogers, focusing on creating a supportive, nonjudgmental environment to help clients solve their own problems.