Which of the following implication(s) about market efficiency is(are) correct?

A post-earnings announcement drift (PEAD) refers to a return continuation pattern after the earnings announcements. Specifically, after the earnings for a stock are announced, the stock price return continues to drift in the direction of the earnings news (better-than-expected earnings constitute positive earnings news, worse-than-expected earnings constitute negative earnings news). It has been shown that conservatism partly contributes to the PEAD. Which of the following statements represent the conservatism effect on the PEAD:

Which of the following statements about REITs are correct? Choose all that apply (you can choose more than one option).

You are a market maker for the SPY ETF (S&P 500 ETF). Current SPY best bid and ask prices are $445.00 and $445.05, respectively. You can buy 1 basket of securities underlying 1 SPY ETF share for $444.99. Based on this information, you have decided to conduct an arbitrage using market order. There are 155,000 of SPY ETFs and 155,000 baskets of securities underlying SPYs available at the above prices. How much profit can you make in these market conditions?

Which of the following statements about ETFs is correct?

Which

of the following is a violation of the semi-strong form of market efficiency?

In Behavioral Finance, the tendency of people to assign a higher emotional value (in absolute terms) to a loss of $200 than to a gain of $200 is called ____________.

Mrs Frazer found that stocks with a high cash-flow-to-price ratio tend to have lower returns than stocks with a low cash-flow-to-price ratio. Which conclusion will she most likely draw from this observation if she believes in market efficiency?

How are ETF shares created?

The stock returns on Friday tend to be higher than on Monday. Researchers explain it with the fact that on Monday investors tend to be in a bad mood (because of the start of the working week) and therefore interpret all news in a negative way. On the contrary, on Friday investors tend to be in a good mood (because of the approaching weekend) and therefore interpret all news in a positive way. If there are no limits to arbitrage, then rational investors will be able to exploit these return patterns by: