According to the efficient market hypothesis professional
According to the efficient market hypothesis, professional money managers will earn ______________ on average.
a. no excess return
b. a positive abnormal return
c. a positive excess return
d. a negative excess return
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if markets are semi-strong form efficient thena stock prices are likely to overreact to bad newsb mutual fund managers
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according to the efficient market hypothesis professional money managers will earn on averagea no excess returnb a
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