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in an efficient market, the price of a security will: a rise sharply when new information is first released and then decline to a new
in an efficient market, the price of a security will:
| a | rise sharply when new information is first released and then decline to a new stable level by the following day. |
| b | always rise immediately upon the release of new information with no further price adjustments related to that information. |
| c | react immediately to new information with no further price adjustments related to that information. |
| d | react to new information over a two-day period after which time no further price adjustments related to that information will occur. |
| e | be slow to react for the first few hours after new information is released allowing time for that information to be reviewed and analyzed. |
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