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XYZ Corp, Inc just announced that earnings were much higher than expected by analysts. The stock price went up 10% within 1 hour, then stayed

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XYZ Corp, Inc just announced that earnings were much higher than expected by analysts. The stock price went up 10% within 1 hour, then stayed the same throughout the rest of the day. What does this imply about market efficiency? A. The market is strong-form efficient O B. The market is semi-strong form efficient O C. The market is weak-form efficient O D. This does not imply anything about market efficiency

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