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Comm308 question bank.docx

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Department
Commerce
Course
COMM 308
Professor
All Professors
Semester
Fall

Description
Sample Multiple ChoiceIntro and Market Efficiency 51If markets were strong form efficient which of the following situations would yield abnormal returnsA Analyzing a companys earnings reportB Identifying a pattern in a companys stock priceC Obtaining insider informationD None of the above would yield abnormal returnsAnswer DType Definition Difficulty EasyLO 1032If markets were semistrong form efficient which of the following situations would yield abnormal returnsA Analyzing a companys earnings reportB Identifying a pattern in a companys stock priceC Obtaining insider informationD None of the above would yield abnormal returnsAnswer CType DefinitionDifficulty Easy LO 10312Typetext3If markets were weak form efficient which of the following situations would NOT yield abnormal returnsA Analyzing a companys earnings reportB Identifying a pattern in a companys stock priceC Obtaining insider informationD All of the above would yield abnormal returnsAnswer BType DefinitionDifficulty Easy LO 1034The price of a certain stock rises every Monday and falls every Thursday Which form of efficiency is contradictedA Weak formB Semistrong formC Strong formD No form of efficiency is contradictedAnswer AType Concept Difficulty EasyLO 1035A senior manager can consistently earn excess profits by trading her companys stock Which form of efficiency is contradictedA Weak formB Semistrong formC Strong formD No form of efficiency is contradictedAnswer CType Concept Difficulty EasyLO 1036An investor can consistently make excess profits by following the advice provided on the Financial Guru public website Which form of efficiency is contradictedA Weak formB Semistrong formC Strong formD No form of efficiency is contradictedAnswer BType Concept Difficulty Easy LO 1037Technical analysis which is defined as the analysis of historical trends of prices is an important field in finance Which form of efficiency is this field based onA Weak form inefficiency2B Semistrong form inefficiencyC Strong form inefficiencyDIt has nothing to do with efficiencyAnswer A Type ConceptDifficulty Medium LO 1038Which of the following is NOT true about the efficient market hypothesisA Market prices reflect all available information at any given timeB Market prices do not fluctuate dramaticallyC Market prices are considered fairD Investors cannot continuously earn an excess return over and above the riskadjusted returnAnswer BType Concept Difficulty Medium LO 1039The Andrews Sisters Music Corp has just released its financial statements showing an unexpectedly high earnings number We observe that the stock price of the company does not respond This observation is consistent withA Semistrong form market efficiencyB Semistrong form market inefficiencyC Strong form market efficiencyD Strong form market inefficiencyAnswer BType ConceptDifficulty MediumLO 10310Which of the following statements is a violation of semistrong form market efficiencyIExecutives trade their stock holdings before major announcementsIIDay traders base their trading decisions on daily weekly and monthly trendsA I onlyB II onlyC Both I and IID Neither of these statementsAnswer D Type ConceptDifficulty DifficultLO 10311A university professor is researching the impact of nonpublic information on the marketplaceShe finds that investors who do have access to material nonpublic information are consistently earning aboveaverage riskadjusted returns and that the 3
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