You observe the following: I. You use a simple trading rule: buy every stock...
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You observe the following: I. You use a simple trading rule: buy every stock that has gone up three days in a row, hold the stock for 2 days and then sell. On average, you make an unusual profit using this strategy. II. On average, the CEO of XYZ Corporation does not make unusual profits trading the stock of XYZ Corporation. Which of the following statements is most correct? Select one: O a. I is not consistent with weak-form market efficiency while Il is not consistent with strong form efficiency O b. Both I and II are consistent with Weak form market efficiency. O c. I is consistent with weak- form market efficiency while II is consistent with strong form efficiency O d. I is consistent with weak-form market efficiency while II is not consistent with strong form efficiency e. Lis not consistent with weak-form market efficiency while Il is consistent with strong form efficiency
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