Multiple Choice
Google has a beta of 1.0.The annualized market return yesterday was 11%, and the risk-free rate is currently 5%.You observe that Google had an annualized return yesterday of 14%.Assuming that markets are efficient, this suggests that
A) bad news about Google was announced yesterday.
B) good news about Google was announced yesterday.
C) no news about Google was announced yesterday.
D) interest rates rose yesterday.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: If you believe in the _ form
Q24: The abnormal return due to an event
Q25: Which of the following are used by
Q26: Womack focuses on changes in analysts' recommendations
Q27: LJP Corporation just announced yesterday that it
Q29: When Maurice Kendall first examined stock price
Q30: If you believe in the _ form
Q31: If you believe in the _ form
Q32: An event study describes a technique of
Q33: Patell and Wolfson show that most of