Question
Suppose that the semi-strong form of the Efficient Markets Hypothesis holds. If an investor is aware of the news of a possible CEO turnover in
Suppose that the semi-strong form of the Efficient Markets Hypothesis holds. If an investor is aware of the news of a possible CEO turnover in a public firm, he/she can make abnormal return when:
The firm does a press release to announce this information
The turnover was proved by the board of directors but hasn't been made public
The current CEO tells his/her friends about the news
Both 1 and 2
Both 1 and 3
Both 2 and 3
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
