Multiple Choice
Which one of the following is the most likely reason why a stock price might not react at all on the day that new information related to the stock's issuer is released? Assume the market is semistrong form efficient.
A) Company insiders were aware of the information prior to the announcement.
B) Investors do not pay attention to daily news.
C) Investors tend to overreact.
D) The news was positive.
E) The information was expected.
Correct Answer:
Verified
Correct Answer:
Verified
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