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An article in todays Wall Street Journal reports that Microsoft reported profits were larger than expected. If markets, follow the efficient market hypothesis: The stock

An article in todays Wall Street Journal reports that Microsoft reported profits were larger than expected. If markets, follow the efficient market hypothesis:

  1. The stock price will have already adjusted to incorporate this new information.
  2. The stock price will adjust gradually, and profitable trading opportunities are available.
  3. The analysis of Efficient Markets has nothing to do with this information.
  4. Stock Price will probably drop after the report.

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