With respect to efficient markets, a company whose share price reacts gradually to the public release of
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With respect to efficient markets, a company whose share price reacts gradually to the public release of its annual report most likely indicates that the market where the company trades is:
A. Semistrong-form efficient.
B. Subject to behavioral biases.
C. Receiving additional information about the company.
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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