Multiple Choice
The weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citrus harvest. In an efficient market, one would expect the price of Florida Orange's stock to
A) drop immediately.
B) unable to determine.
C) increase immediately.
D) gradually decline for the next several weeks.
E) gradually increase for the next several weeks.
Correct Answer:
Verified
Correct Answer:
Verified
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