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Question
Dennison Lumber announced last week that its unpopular CEO had resigned. In response to this announcement, the firm's stock price increased from $17 a share to $23 a share. The following day the price declined to $21 a share and has remained constant at that level. This is an example of a(n):A. over-reaction and correction.
B. underpricing.
C. delayed reaction.
D. pre-activity action.
E. efficient market reaction.
Answer
This answer is hidden. It contains 15 characters.
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