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Recall Maloney, Michael and J. Mulherin. The complexity of price discovery in an efficient market: the stock market reaction to the Challenger crash, Journal of

Recall Maloney, Michael and J. Mulherin. The complexity of price discovery in an efficient market: the stock market reaction to the Challenger crash, Journal of Corporate Finance, 2003.

9. Does the finding of this paper contradict efficient market hypothesis? If your answer to the previous question is yes, what type of efficient market hypothesis does it contract? Please list the strongest form of efficient market hypothesis that it contradicts.

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