Question
9. The stock of ABC Corporation rose 10% yesterday, while the rest of the market had no change. The only news related to the company
9. The stock of ABC Corporation rose 10% yesterday, while the rest of the market had no change. The only news related to the company was that they announced they lost $100 million in the first quarter of the year. Given the efficient markets belief that stock prices respond to news, explain this apparently contradictory price change.
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Corporate Governance And Financial Management Computational Optimization Modelling And Accounting Perspectives
Authors: S Nuryanah, S Islam
1st Edition
1349493228, 9781349493227
