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Your friend made the following statements, Apple made its earnings announcement after the market closed yesterday. Their earnings beat analysts' estimates by a wide margin.

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Your friend made the following statements, Apple made its earnings announcement after the market closed yesterday. Their earnings beat analysts' estimates by a wide margin. The stock market must be weak-form efficient because the stock price immediately jumped to reflect the good news." Do your friend's statements make sense? If not, how would you correct your friend's statements? If yes, explain

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