Multiple Choice
In an efficient market, daily abnormal returns:
A) are very volatile.
B) tend to relate to news announcements made within the past 10 trading days.
C) relate only to news announcements made during the past 2 trading days.
D) relate only to news announcements made after the close of the previous trading day.
E) exist only if non-public information is used for trading purposes.
Correct Answer:
Verified
Correct Answer:
Verified
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