Chosen company: Redbubble Limited You will study an announcement in 2019-2021 from RBL (ASX) from ASX 300 firms. The announcement can be a new product, a scandal, an earnings announcement, a change in strategy, etc. What is your expectation of the market reaction to the announcement, good or bad news? Explain in detail.

Download the daily stock prices from one month before to one month after the announcement date, and compute the cumulative holding period returns and plot them in a graph.

Discuss the following aspects: Does the stock price react quickly or slowly to the news announcement? How does it relate to the theory we learned in class?