15. (Market efficiencypublic information) Two years after the MBC Company went public, it was found that the
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15. (Market efficiency—public information) Two years after the MBC Company went public, it was found that the company tampered with the accounting reports. As a result of this finding, the price of the company’s stocks fell by 80% the next day. Does the sharp fall in price violate market efficiency?
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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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