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The answers are based on Maloney and Mulherin, 2003, The complexity of price discov- ery in an efficient market: the stock market reaction to the

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The answers are based on Maloney and Mulherin, 2003, "The complexity of price discov- ery in an efficient market: the stock market reaction to the Challenger crash. Please read ONLY part 1 and part 2 (the first 8 pages) of the paper. III. Does this paper provide an evaluation of efficient market hypothesis? why or why not? The answers are based on Maloney and Mulherin, 2003, "The complexity of price discov- ery in an efficient market: the stock market reaction to the Challenger crash. Please read ONLY part 1 and part 2 (the first 8 pages) of the paper. III. Does this paper provide an evaluation of efficient market hypothesis? why or why not

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