In an efficient market, if Exxon announces that they have a major oil find in China how
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Question:
In an efficient market, if Exxon announces that they have a major oil find in China how would the stock price be affected by this news?
Group of answer choices
The Stock Price would immediately rise and continue to rise in perpetuity.
The Stock Price would immediately fall.
The Stock Price would slowly adjust over time.
The Stock Price would not change.
The Stock Price would immediately rise and the go back to random walk.
Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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