Learning Goal: I’m working on a finance discussion question and need a sample dr

Learning Goal: I’m working on a finance discussion question and need a sample draft to help me learn.I need some assistance with a discussion reply. The response should be no less than 300 words and have at least 2 credible sources. At least one of the sources should be Jones, C. P., & Jensen, G. R. (2020). Investments: Analysis and management (14th ed.)Respond to your classmates’ posts. Choose a student with the opposing position ( my position was strong-form efficiency). In your post to your classmate,Explain a weakness in the support for the position they have explained “ the positions they explained is the semistrong-form”.Identify an anomaly that contradicts their position.Please see classmate’s post below.“Semi-string form efficiency is a market where the prices of securities are completely and available including historical information. The information is public and readily available if the information updated quickly. Investors can make excess returns with updated information. The hypothesis uses the assumption that investors are trading their securities with an average risk return. The higher the risk the more money that investors can make. A journal article mentions,To test for semi-strong form efficiency, the adjustments to previously unknown news must be of a reasonable size and must be instantaneous. To test for this, consistent upward or downward adjustments after the initial change must be looked for. If there are any such adjustments it would suggest that investors had interpreted the information in a biased fashion and hence in an inefficient manner (Sandhar et al., 2009).What measures the investor’s reaction is the empirical research into semi-strong form efficiency, is the empirical research in a form of an event study. The event study measures the stock price behavior (Jones et al., 2020). However, the con for the theory is that the historic information is irrational due to previous market panic in the part. “

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