which of the following seems to contradict the proposition that markets are weak form efficient? explain your answer for full credit. i. the majority of mutual funds do not significantly outperform the market ii. insiders earn abnormal trading profits. iii. every january the stock market earns abnormal returns 2) which of the following would provide evidence against the semi strong form of market efficiency? explain your answer for full credit. (i) mutual fund managers do not (on average) offer superior performance. i. mutual fund managers do not (on average) offer superior performance. ii. you cannot make excess profits buying or selling stocks after the announcement of an abnormal rise in dividends. iii. low price to earnings ratio stocks tend to have superior performance. iv. in any year approximately 50% of pension funds tend to outperform the market. 3) why are the small firm effect and the book-to-market (value) effect considered violations of market efficiency?