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Exam Code:

Exam Name: PAL-I
Vendor: Professional Agile Leadership (PAL I)

60 Questions & Answers
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NEW QUESTION: 2
All of the following are the levels of market efficiency, Except:
A. Low PE effect
B. The small firm effect
C. Common size effect
D. The neglecting firm effect
Answer: C

NEW QUESTION: 3
A stock has the following returns over 4 years: +5%, -6%, +8%, +3%. The annual arithmetic and geometric rates of return over the 4 years are:
A. 10%; 9.79%
B. 5%; 5.57%
C. 2.5%; 2.36%
D. 2.5%; 9.79%
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The mean equals (5% + (-6%) + 8% + 3%)/4 = 2.5%
The geometric mean equals (1.05 * 0.94 * 1.08 * 1.03)

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