In the following situations, explain the asymmetry of information, if any: (a) Investors do not know the
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In the following situations, explain the asymmetry of information, if any:
(a) Investors do not know the next day’s Standard & Poor’s 500 Index.
(b) Acquirer is planning a takeover bid for Target at $50 a share, which is 25% above the current market price of $40, and is secretly buying shares of Target.
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