Multiple Choice
An example of financially irrational behavior is:
A) gambling in Las Vegas.
B) when a firm announces an increase in earnings and the stock price enjoys three days of large abnormal returns.
C) when a firm announces an increase in earnings and the stock price enjoys an immediate surge in value which is captured in one day.
D) Both gambling in Las Vegas; and when a firm announces an increase in earnings and the stock price enjoys three days of large abnormal returns.
E) Both gambling in Las Vegas; and when a firm announces an increase in earnings and the stock price enjoys an immediate surge in value which is captured in one day.
Correct Answer:
Verified
Correct Answer:
Verified
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