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Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect Multiple Choice an abnormal price change
Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect
Multiple Choice
an abnormal price change immediately after the announcement
an abnormal price increase before the announcement
no abnormal price change before or after the announcement
an abnormal price decrease after the announcement
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
