Explain if you agree or disagree with this statement: After the merger announcement the stock price greatly

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Explain if you agree or disagree with this statement: “After the merger announcement the stock price greatly increased. Then it fell for the next 1-2 days before becoming relatively stable. This is proof against the efficient market hypothesis.”

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Introduction to Finance Markets Investments and Financial Management

ISBN: 978-1118492673

15th edition

Authors: Melicher Ronald, Norton Edgar

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Question Posted: Mar 27, 2015 12:26 PM

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Explain if you agree or disagree with this statement: After the merger announcement the stock price greatly

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Disagree it is not proof showing the EHM is false The EMH states tha...View the full answer

Introduction to Finance Markets Investments and Financial Management

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