Overall support for the semi-strong form of the EMH is strong but weakened by the presence of ______.

I. P/E ratio and book value anomalies
II. several calendar anomalies
III. an exchange-listing anomaly

Correct Answer: I, II and III

Tests of the semi-strong form show that it is difficult to make money using public information, but the effects mentioned above all seem to imply profitable (but small) opportunities for those who can take advantage of them.