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Winston Corporation has a beta of 1.4. The annualized market return yesterday was 13%, and the risk-free rate is currently 3%. You observe that Matthews

Winston Corporation has a beta of 1.4. The annualized market return yesterday was 13%, and the risk-free rate is currently 3%. You observe that Matthews had an annualized return yesterday of 17%. Assuming that markets are efficient, could you determine whether Winston announced GOOD news or BAD news yesterday? Why?

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