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Question
According to the semi-strong form of the EMH, investors who invest in a stock after a highly positive announcement concerning the stock can expect to earna. normal return because the stock will be fairly priced when purchased.
b. extraordinary return because the new information will not affect the price
until later.
c. extraordinary loss because insiders possess
non-public information.
d. zero return because the next price is expected to be the same as the last price.
Answer
This answer is hidden. It contains 1 characters.
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