Question: Explain in your own words what post announcement drift is. Why is this an anomaly for securities market efficiency? Give two behavioural biases that could

Explain in your own words what “post announcement drift” is. Why is this an anomaly for securities market efficiency? Give two behavioural biases that could generate post announcement drift.

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Postannouncement drift is the tendency for the share prices of firms that report GN or BN in quarter... View full answer

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