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The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits
The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are not changed. If capital markets are efficient, then what would happen to the company stock price? Justify your answer with logical arguments. (3 Marks) 7 A- B I BO
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The Euro A Challenge And Opportunity For Financial Markets Routledge International Studies In Money And Banking
Authors: Michael Artis , Elizabeth Hennessy, Axel Weber
1st Edition
0415217105, 978-0415217101
