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In an efficient market when a firm makes an announcement of a new product or product enhancement with superior technology providing positive NPV, the price
In an efficient market when a firm makes an announcement of a new product or product enhancement with superior technology providing positive NPV, the price of the stock will: Select one: a. rise gradually over the next few days. b. drop on the same day to the new price. c. rise on the same day to the new price. d. decline gradually over the next few days. e. stay at the same price, with no net effect.
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