CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

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.

User Contributed Comments 1

User Comment
johntan1979 Any anomaly weakens the hypothesis
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