- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 3. Market Efficiency
- Subject 3. Market Pricing Anomalies
CFA Practice Question
Which of the following market anomalies is inconsistent with weak-form market efficiency?
B. Value effect
C. January effect
A. Size effect
B. Value effect
C. January effect
Correct Answer: C
Calendar-based anomalies are all not consistent with the weak-form market efficiency hypothesis.
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