Following a shock to a firm's intrinsic value, the share price will slowly but surely approach that

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Following a shock to a firm's intrinsic value, the share price will slowly but surely approach that new intrinsic value. Is this view characteristic of a technical analyst or a believer in efficient markets? Explain.

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Essentials of Investments

ISBN: 978-0078034695

9th edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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Question Posted: Oct 07, 2016 12:04 PM

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Following a shock to a firm's intrinsic value, the share price will slowly but surely approach that

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Some people may say it is consistent with both This is consistent with efficient markets ...View the full answer

Essentials of Investments

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