Question: Item 9 Time Remaining 2 hours 2 9 minutes 1 0 seconds 0 2 : 2 9 : 1 0 Alex is the CEO of

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9

Time Remaining

2

hours

29

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10

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Alex is the CEO of Student Service Corp. The majority of stockholders do not approve of the decisions made by Alex and have repeatedly requested that he be ousted. Over the last couple of months, it has become apparent that the CEO is going to be replaced by a member of the board, Belinda, who is highly respected. This morning, the official announcement was made that Alex has stepped down and will be replaced immediately by Belinda. How is the stock price of the Student Service Corp. most apt to react to this announcement?

Multiple Choice

A slow but positive reaction

An immediate negative reaction

Middling reaction over multiple days

No reaction

Highly positive and immediate reaction

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