Question
In an efficient market, if Exxon announces that they have a major oil find in China how would the stock price be affected by this
In an efficient market, if Exxon announces that they have a major oil find in China how would the stock price be affected by this news?
Group of answer choices
The Stock Price would immediately rise and continue to rise in perpetuity.
The Stock Price would immediately fall.
The Stock Price would slowly adjust over time.
The Stock Price would not change.
The Stock Price would immediately rise and the go back to random walk.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
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