^&* 14. Efficient Markets Hypothesis (LO2, CFA1) Newtech Corp. is going to adopt a new chip-testing device
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^&* 14. Efficient Markets Hypothesis (LO2, CFA1) Newtech Corp. is going to adopt a new chip-testing device that can greatly improve its production efficiency. Do you think the lead engineer can profit from purchasing the firm’s stock before the news release on the device? After reading the announcement in The Wall Street Journal, should you be able to earn an abnormal return from purchasing the stock if the market is efficient?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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