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    Exam 11: The Efficient Market Hypothesis
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    Patell and Woflson (1984) Report That Most of the Stock-Price
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Patell and Woflson (1984) Report That Most of the Stock-Price

Question 2

Question 2

Multiple Choice

Patell and Woflson (1984) report that most of the stock-price response to corporate dividend or earnings announcements occurs within ____________ of the announcement.


A) 10 minutes
B) 45 minutes
C) 2 hours
D) 4 hours

Correct Answer:

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