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Recently, Bre-Y Minerals Ltd. announced that it had discovered one of the largest silver mines in history. The figure below represents three possible stock price
Recently, Bre-Y Minerals Ltd. announced that it had discovered one of the largest silver mines in history. The figure below represents three possible stock price adjustments for Bre-Ys stock around the time of the announcement. Day 0 represents the announcement date.
Which of the reactions represents the path taken by the stock price in an efficient market?
Group of answer choices
Reactions A, B, and C
Reaction A
Reaction C
Reaction B
Reactions A and B
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