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D Question 10 4 pts Suppose Fang announces that its earnings for the fourth quarter of 2013 rose to $2 billion. As a result
D Question 10 4 pts Suppose Fang announces that its earnings for the fourth quarter of 2013 rose to $2 billion. As a result of this announcement the price of Fang's stock does not change. The best explanation of this is O market participants expected Fang's earnings to be less than $2 billion. O market participants were expecting Fang's earnings to be greater than $2 billion. O market participants have adaptive expectations. O market participants expected Fang's earnings to be $2 billion. XX/Park O Next Unmute
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
