Question
XYZ pharmaceutics Inc. announced yesterday that their newly discovered vaccine for Covid-19, was approved by FDA. You observe that XYZ Inc. stock had an excess
XYZ pharmaceutics Inc. announced yesterday that their newly discovered vaccine for Covid-19, was approved by FDA. You observe that XYZ Inc. stock had an excess return of 0% yesterday. This suggests that
Group of answer choices
the approval was already anticipated by the market.
XYZ stock will probably rise in value totoday.
The stock price will keep rising for a long period of time
the market is not efficient.
XYZ stock will probably rise in value tomorrow.
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
