When markets react instantaneously to the release of new information it is a sign of

A. market efficiency

B. Illegal Trading

C. Market Segregation

D. None of the above

Stock prices tend to already reflect ________EPS when markets are different.

A. Unexpected

B. Expected

C. Moderate

D. None of the above

If earnings are released that are 20 cents below expectations the price of a stock will very likely_________

A. Decrease

B. Increase

C. Remain the same

D. Increase and then decrease