37. Expectations and Efficient Markets. Geothermal Corp. just announced good news: Its earn- ings have increased by
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37. Expectations and Efficient Markets. Geothermal Corp. just announced good news: Its earn- ings have increased by 20%. Most investors had anticipated an increase of 25%. Will Geother- mal's stock price increase or decrease when the announcement is made? (LO5)
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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