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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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