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Your boss has told you that tomorrow the Federal Drug Administration (FDA) will announce its approval of your firms marketing of a new breakthrough drug.

Your boss has told you that tomorrow the Federal Drug Administration (FDA) will announce its approval of your firms marketing of a new breakthrough drug. As a result of this information, you are considering purchasing shares of stock in your firm this afternoon. What would you do? In addition, discuss the implications of six financial principles for this scenario.

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