Multiple Choice
Assume the price of a stock rises upon the announcement that the firm's chief executive officer (CEO) was killed in a freak accident.This market reaction is most indicative of the:
A) uncertainty of the firm's future existence.
B) random nature of stock price movements.
C) expected management turmoil that is anticipated.
D) underperformance of that CEO.
E) sadness of hearing the news.
Correct Answer:
Verified
Correct Answer:
Verified
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