Question 24 Loss aversion entails bounded rationality. risk aversion. a reference point. conflicting interests. 10 points Save Ans The board of ABC firm voted to accept a takeover offer on June 30th. They plan to announce the news at a joint press conference with the bidder firm on July 10th. Under strong form efficiency, any abnormal stock price reaction should occur on Under semi-strong form efficiency, any abnormal stock price reaction should occur on June 30th ; June 30th Question 25 July 10th; July 10th June 30th ; July 10th July 10th ; June 30th Question 27 If the market is the efficient, a firm issue an earnings announcement which beats all analysts' forecasts, then which of the following is least likely to happen? The stock price will jump instantaneously as the announcement hit the market The stock price will not change as the announcement hit the market, since the market already knew this information before this announcement No investors will earn abnormal return by trading on this information We won't observe post earning drift. OOO