Geothermal Corporation has just received good news: its earnings increased by 20% from last years value. Most

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Geothermal Corporation has just received good news: its earnings increased by 20% from last year’s value. Most investors are anticipating an increase of 25%. Will Geothermal’s stock price increase or decrease when the announcement is made?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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