Question 19 + Assume that a company announces an unexpectedly large cash dividend to its shareholders. In an efficient market without information leakage, one might expect: B An abnormal price change at the announcement Plot Area price increase before the announcement Arranormal price decrease after the announcement No abnormal price change before or after the announcement C D Question 20 Plot Area Suppose that the managers in the following article yield only unsuccessful investment results. Which of the following statements is true? B The market is weak-form efficient The market is semistrong-form efficient The market is strong-form efficient The market is inefficient C D