Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect __________ .

Question

Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect  __________ .

Accepted Answer

an abnormal price change immediately after the announcement

Answer

no abnormal price change before or after the announcement

Answer

an abnormal price decrease after the announcement

Answer

an abnormal price increase before the announcement

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