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NM Inc. just won a lawsuit yesterday that awards it $1 million immediately. However, NM Inc. had an abnormal return of -1.6% yesterday. This suggests

NM Inc. just won a lawsuit yesterday that awards it $1 million immediately. However, NM Inc. had an abnormal return of -1.6% yesterday. This suggests that

A. the market is not efficient.

B. investors expected the award to be less than $1 million.

C. investors expected the award to be greater than $1 million.

D. NW' stock will continue to fall in value tomorrow.

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