if markets are at least semi-strong form efficient, and a company

If markets are at least semi-strong form efficient, and a company announces new, unexpected information regarding its future prospects-namely, that sales will be much lower than previously expected-what do you expect will happen in the stock market? O The value of a share will drop immediately to a price that reflects the value of the new information. The value of a share will decline over an extended period of time as investors begin to sell shares in the company. O The value of a share will rise over a long period of time as investors sell the stock. The stock price will not change since this type of information has no impact in markets that are semi-strong form efficient. The value of a share will fall below what is considered appropriate because of the decreased demand for the shares, but eventually the price will rise to the correct level. Next