Multiple Choice
A market decline of 23% on a day when there is no significant macroeconomic event ______ consistent with the EMH because ________.
A) would be; it was a clear response to macroeconomic news
B) would be; it was not a clear response to macroeconomic news
C) would not be; it was a clear response to macroeconomic news
D) would not be; it was not a clear response to macroeconomic news This happened on October 19, 1987.
Correct Answer:
Verified
Correct Answer:
Verified
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