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NEW QUESTION: 1
Kaylee Sumners, Level 1 CFA candidate, has just finished reviewing flash cards for the reading on the efficient market hypothesis (EMH). Confused by the different tests for the different forms of the EMH, she outlines the information (of which four summary points appear below) from memory. It appears that Sumners should review the material because three of the points are incorrect. Which of her summary points is CORRECT?
A. The superior historical performance of exchange specialists and corporate insiders rejects the semi- strong form of the EMH.
B. Statistical and trading rule tests support the weak-form of the EMH.
C. Cross-sectional tests such as the price-earnings ratio, neglected firms tests, and book value to market value tests support the semi-strong form of the EMH.
D. Early tests of the semi-strong form used the equation: ReturnAbnormal = ReturnActual - (RMarket * BetaStock).
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Explanation:These two tests support the weak-form EMH contention that security prices reflect all historical market information and that mechanical trading rules do not result in superior returns.
The other statements are false.Latertests of the semi-strong form EMH used the equation:
ReturnAbnormal= ReturnActual- (RMarket* BetaStock). Early tests omitted beta, using the formula:
ReturnAbnormal= ReturnActual- RMarket. The superior historical performance of exchange specialists and corporate insiders rejects thestrongform of the EMH. Cross-sectional tests such as the price-earnings ratio, neglected firms tests, and book value to market value testsrejectthe semi-strong form of the EMH.
These tests show that certain stocks have high realized returns (for example, low P/E stocks and high book value to market value stocks).

NEW QUESTION: 2
Which is not a valid Windows operating system version?
A. Windows Server 2012
B. Windows 9
C. Windows 10
D. Windows 8.1
E. Windows 8
F. Windows Vista
G. Windows 7
Answer: B

NEW QUESTION: 3
Which statement describes the deployment of Avaya IX Workplace Media Server?
A. It is an OVA supported on Appliance Virtualization Platform (AVP) only.
B. It is an OVA supported on Appliance Virtualization Platform (AVP) and in Virtualized Environment (VE).
C. It is a Server Appliance.
D. It is an OVA supported in Virtualized Environment (VE) only.
Answer: D