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At 7 a.m., you read in todays Wall Street Journal that Exxon has discovered larger new oil reserves in Montana. If markets are efficient, what
At 7 a.m., you read in todays Wall Street Journal that Exxon has discovered larger new oil reserves in Montana.
- If markets are efficient, what would you do to profit from Exxons discovery? (25 marks)
- If you believe that many market participants are noise trades who overreact to news, what would you do? (25 marks)
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