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6. ABC Corp. has a beta of 1.0. The annualized market return yesterday was 11%, and the risk-free rate is currently 5%. You observe that

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6. ABC Corp. has a beta of 1.0. The annualized market return yesterday was 11%, and the risk-free rate is currently 5%. You observe that ABC had an annualized return yesterday of 14%. Assuming that markets are efficient, this suggests that: 1) (2 points) bad news about ABC was announced yesterday good news about ABC was announced yesterday no news about ABC was announced yesterday interest rates rose yesterday interest rates fell yesterday

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