Efficient Markets Hypothesis Prospectors plc is a publicly traded gold prospecting company with operations in Northern Tanzania.
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Efficient Markets Hypothesis Prospectors plc is a publicly traded gold prospecting company with operations in Northern Tanzania. Although the firm’s searches for gold usually fail, the prospectors occasionally find a rich vein of ore. What pattern would you expect to observe for Prospectors’ cumulative abnormal returns if the market is efficient?
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Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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