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Question
Last week, New Plastics announced that it had developed a new plastic container that is stronger and more durable, yet easier to recycle. In response to this announcement, the firm's stock price rose from $21 a share to a high of $27 a share and has remained at that level. This is an example of a(n):A. over-reaction and correction.
B. post-activity reaction.
C. delayed reaction.
D. pre-activity action.
E. efficient market reaction.
Answer
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