Question: 1. Explain how asset bubbles may (or may not) support the efficient market hypothesis. 2. Explain how the positive earnings announcement price drift (or Surprise

1. Explain how asset bubbles may (or may not) support the efficient market hypothesis.

2. Explain how the positive earnings announcement price drift (or Surprise Unexpected Earning (SUE)) works. How would you use SUE in this Fall 2020 earning reporting season if you were a hedge fund manager?

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