Question
Moes has a current stock price of $72. The company announced a new product at 11:00 am Wednesday which the market had no knowledge of
Moes has a current stock price of $72. The company announced a new product at 11:00 am Wednesday which the market had no knowledge of prior to the announcement. If the NPV per share of the project is $3 and the market agrees with this, what will the price be at 11:01 am Wednesday, if this is an efficient market?
| a. | $75 | |
| b. | $72 | |
| c. | $74 | |
| d. | $69 |
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
