Most studies of stock market efficiency suggest that the stock market is highly efficient in the weak-form and reasonably efficient in the semistrong-form. assuming these findings are correct, which of the following statements is correct? a. you have been tracking a stock’s price over the past 6 months, and you note that this particular stock has tended to rise sharply immediately after it has fallen for three days. you can use this information to devise a trading strategy that will you beat the market. b. information you read in the wall street journal cannot be used to select stocks that are likely to produce above-average rates of return. c. if you apply financial analysis properly, you can use information provided in companies’ annual reports to earn above-average returns. d. you notice that a company’s stock price always seems to swing back and forth--whenever it by 10% or more, it seems to recover and to eventually exceed its former high. since its price has fallen during the past 2 months, now is a great time to buy it before it takes off again. e. even if you possess insider information, you cannot use this information to earn above-average returns because such information will already be reflected in stock prices.