Question
Pfizer corporation announced a new capital investment program, and its stock price increased. Western digital corporation (a disk-drive maker) announced a new capital investment program,
Pfizer corporation announced a new capital investment program, and its stock price increased. Western digital corporation (a disk-drive maker) announced a new capital investment program, and its stock price decreased. How do you explain these opposing responses? What should a company that is considering a new capital investment conclude from this evidence?
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
