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6. Based on earning announcements of firms’ annual results, you find it hard to earn abnormal...

6. Based on earning announcements of firms’ annual results, you find it hard to earn abnormal return. Is it consistent with EMH?  If yes, which form of EMH (strong, semi-strong, strong)?

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Yes, this is consistent with Efficient Market Hypothesis and as soon as the information came out stock adjusted as per the announcement so it is a strong form efficient.

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