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A US-based medical device firm had a breakthrough late on the night of October 25th! They managed to create a tool that promises to revolutionize
A US-based medical device firm had a breakthrough late on the night of October 25th! They managed to create a tool that promises to revolutionize tumor excision. The firm expects royalties from the tool to increase firm value by 50%. They plan to announce the product on the morning of October 30th. If the market is strong form efficient, on what day would you expect to see a positive alpha on the firms stock?
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