1 answer

6. Based on earning announcements of firms’ annual results, you find it hard to earn abnormal...

Question:

6. Based on earning announcements of firms’ annual results, you find it hard to earn abnormal return. Is it consistent with EMH?  If yes, which form of EMH (strong, semi-strong, strong)?


Answers

Yes, this is consistent with Efficient Market Hypothesis and as soon as the information came out stock adjusted as per the announcement so it is a strong form efficient.

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