If the market is _______, the period after a favorable (unfavorable) event would not generate returns beyond (less than) what is suggested by an equilibrium model such as CAPM

Related MCQs

• Stock returns are generally expected to be independent across weekdays, but a number of studies have found returns on Monday to be lower than in the rest of the week. This departure from market efficiency is also sometimes called the _____ effect.
• __________ instruments are those instruments, which have a maturity period of less than one year
• “The yield curve will be downward sloping if the market believes that future short-term interest rates will be less than current short-term interest rate.” This statement about the term structure of interest rates is most consistent with the:
• Most of such stocks pay dividends and hence investors would like to buy and hold for long periods. Such a portfolio is called;
• The variability in a security’s returns resulting from fluctuations in the aggregate market is known as;
• In a variable growth model, the dividend is believed to grow at a constant pace forever after an initial growth period.
• __________ would mean that no investor would be able to outperform the market with trading strategies based on publicly available information.
• The promoters contribution should not be less than
• Trading securities beyond the official trading hours of the stock exchange is called
• ________ securities are generally issued for a fixed period and redeemable by the issuer at the end of that period.