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The market index model is valid. Ford Corporation has a beta of 1.5. The annualized market return yesterday was 15%, and the risk-free rate is

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The market index model is valid. Ford Corporation has a beta of 1.5. The annualized market return yesterday was 15%, and the risk-free rate is currently 5% per year. You observe that Ford had an annualized return yesterday of 23%. Assuming that markets are efficient, this suggests that A. good news about Ford was announced yesterday. B. bad news about Ford was announced yesterday. C. no news about Ford was announced yesterday. D. the market interest rate rose yesterday. E. the market interest rate fell yesterday

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