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Company X is an old business in a rapidly evolving market place. The company has missed earnings expectations for the previous four quarters. However, in

Company X is an old business in a rapidly evolving market place. The company has missed earnings expectations for the previous four quarters. However, in their most recent report, they beat expectations and mention reasons for optimism in their post-earnings conference call. How do you think the share price of the company will react? What bias(es) is(are) at play that shape the answer? Explain

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