13. (Market efficiency trading on inside information) The workers of a large factory in Michigan received information
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13. (Market efficiency— trading on inside information) The workers of a large factory in Michigan received information according to which the price of the Monkey Business Corporation (MBC) stock is about to rise by more than 50%. According to the rumors, the source of the information is the nephew of the CEO. Your sister is working in that factory and advised you to buy MBC stocks. Would you follow her advice? Explain.
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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