Discuss Whether the Following Statement Is True or False

question 76

True/False

Discuss whether the following statement is true or false:
If markets are semi-strong-form efficient,one should not observe excess returns after the announcement of a dividend increase.

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Definitions:

Cocaine

A powerful, addictive stimulant drug derived from the leaves of the coca plant, which is native to South America.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, known for its ability to alter moods and behaviors.

Antibiotics

Medications used to treat bacterial infections, either by killing bacteria or inhibiting their growth.

Globalization

The process whereby businesses, culture, and information spread worldwide, leading to increased interconnectedness and interdependence.