9.1 The following independent situations have occurred: Situation Share price at beginning of the day Sliare price legan the day at $20.30 Share price at end of the day Sliare price clused al $18.75. 1 2 Share price began the day at $20.30 Share price closed at $20.28 3 Share price began the day at $25.00 Share price closed at $25.03. The founding CEO las publicly announced she has just been diagnosed with a heart ailment The founding CEO has publicly announced she has just been diagnosed with a heart ailment Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Analyst estimates for EPS were for $2.75 Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Analyst estimates for EPS were for $2.75 4 Share price began the day at $25.00 Share price closed at $28.00 5 Share price began the day at $25.00 Share price closed at $28.00 today, $25.00 one day later, $22.00 two days later, $30.00 three days later, $26.00 four days later Required: For each of the independent situations described above, determine with reasons whether the shares were exhibiting a weak, semi-strong, or strong form of efficiency. 9.1 The following independent situations have occurred: Situation Share price at beginning of the day Sliare price legan the day at $20.30 Share price at end of the day Sliare price clused al $18.75. 1 2 Share price began the day at $20.30 Share price closed at $20.28 3 Share price began the day at $25.00 Share price closed at $25.03. The founding CEO las publicly announced she has just been diagnosed with a heart ailment The founding CEO has publicly announced she has just been diagnosed with a heart ailment Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Analyst estimates for EPS were for $2.75 Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago Analyst estimates for EPS were for $2.75 4 Share price began the day at $25.00 Share price closed at $28.00 5 Share price began the day at $25.00 Share price closed at $28.00 today, $25.00 one day later, $22.00 two days later, $30.00 three days later, $26.00 four days later Required: For each of the independent situations described above, determine with reasons whether the shares were exhibiting a weak, semi-strong, or strong form of efficiency