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LookGood,Inc

Question 54

Multiple Choice

LookGood,Inc.has just announced the bad news that its earnings have dropped by 30%.In fact,its investors had anticipated even worse results (a decrease of 40%) .As a result,LookGood's stock price:


A) increases.
B) remains the same.
C) decreases.
D) follows a random walk as usual.

Correct Answer:

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