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ABC has a beta of 1.6. The annualized market return yesterday was 20% and that of ABC was 34%. The risk- free rate is currently

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ABC has a beta of 1.6. The annualized market return yesterday was 20% and that of ABC was 34%. The risk- free rate is currently 3%. Assuming that markers are efficient, this suggests that: Select one: a. no news about ABC was announced yesterday. b. bad news about ABC was announced yesterday. c. good news about ABC was announced yesterday. d. ABC had abnormal returns yesterday. e. the market return was abnormal relative to ABC

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