Multiple Choice
Which of the following statements is true regarding post-earnings-announcement drift?
A) Security prices do not react significantly at the time of earnings announcements.
B) At least part of the blame for this effect has been laid at the feet of financial analysts.
C) This effect is more important for larger firms than for smaller firms.
D) Security prices never fully reflect the effects of earnings announcements.
Correct Answer:
Verified
Correct Answer:
Verified
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