Question

Which of the following are ineffective strategies for producing excess returns if the market is semistrong-form efficient?
I. graphing past prices searching for patterns
II. watching the daily market movements
III. studying the latest analyst's reports
IV. analyzing a firm's financial statements
A. I and III only
B. I and IV only
C. I, II, and III only
D. II, III, and IV only
E. I, II, III, and IV

Answer

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