Task 20

When the Stockholm Stock Exchange closed, the share in AB Volvo was traded at SEK 215, which was today's closing price. During the evening, a press release from AB Volvo will state that they have just concluded negotiations on a large order for 4,000 trucks that will begin to be delivered from 2022 and two years onwards. Positive earnings effects will be seen from 2022 onwards. Various analyzes will also take place during the evening about what this means for the share, where the overall assessment is that the share will rise to SEK 300 within a year, given a required return of 12% and the expected share dividend of SEK 10 per share. According to the Effective Market Hypothesis, what price will the share receive when the stock exchange reopens the next day?