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In the event of unexpected news announcement, such as a significant reduction in profit expectations, which of the following is NOT a likely stock price

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In the event of unexpected news announcement, such as a significant reduction in profit expectations, which of the following is NOT a likely stock price reaction?: Select one: a. The price instantaneously adjusts to the new information. b. No reaction, since the market has already learned to "expect the unexpected" c. The price over-adjusts to the new information, but eventually falls to the appropriate price. d. The price partially adjusts to the new information

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