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Suppose the firm, Elena, Inc., has a major lawsuit pending against it. Everyone expects the company to win the suit, but to everyone's surprise, the
Suppose the firm, Elena, Inc., has a major lawsuit pending against it. Everyone expects the company to win the suit, but to everyone's surprise, the firm loses. As far as the firm's stock price goes, the news is likely to have a/an
a. immediate and significantly negative effect
b. slow and slightly negative effect
c. immediate and significantly positive effect
d. immediate and slightly negative effect
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