XYZ plc announce this morning that its profit from last quarter has dropped 20% compared to the

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XYZ plc announce this morning that its profit from last quarter has dropped 20% compared to the previous quarter. The closing price of the company at the end of the day is up 2% from yesterday.

Is this evidence against market efficiency?

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Jun 26, 2023 03:18 AM

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XYZ plc announce this morning that its profit from last quarter has dropped 20% compared to the

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The information provided does not provide direct evidence against market efficiency Market efficienc... View the full answer

Advanced Accounting

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