Business, 15.12.2020 16:50 miranda3837
Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect .
a. an abnormal price change immediately after the announcement
b. an abnormal price increase immediately before the announcement
c. an abnormal price decrease immediately after the announcement
d. no abnormal price change immediately before or after the announcement
Answers: 3
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Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient...
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