In Problem 2.20, if the market is efficient, would it have been possible for Zippys stock price

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In Problem 2.20, if the market is efficient, would it have been possible for Zippy’s stock price to go down in the day that the firm announced the strong fourth quarter results?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 12:37 AM

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In Problem 2.20, if the market is efficient, would it have been possible for Zippys stock price

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Yes The last sentence in the statement of problem 220 suggests why ...View the full answer

Fundamentals of corporate finance

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