Multiple Choice
Research has found that investors tend to react to earnings surprises
A) slowly,which illustrates conservatism.
B) immediately and fully on the day the information becomes public.
C) quickly and efficiently.
D) in the same manner whether they are positive or negative surprises.
E) always in a negative manner as they do not like any surprises.
Correct Answer:
Verified
Correct Answer:
Verified
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