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On 19 March 2020, the Australian Government announced that Australian boarders will be closed from 20 March 2020 due to COVID-19 pandemic. What was the

On 19 March 2020, the Australian Government announced that Australian boarders will be closed from 20 March 2020 due to COVID-19 pandemic. What was the possible impact of this announcement to share price of CBC Corporation around the announcement date assuming the Australian stock market is in semi-strong form efficiency? Explain your answers in details according to theoretical framework of Capital Asset Pricing Model.

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