Question: Multiple Choice 1 . 5 points QQAG just announced vesterday that its fourth quarter earnings will be 3 5 % higher than last year's fourth

Multiple Choice
1.5 points
QQAG just announced vesterday that its fourth quarter earnings will be 35% higher than last year's fourth quarter. You observe that QQAG had an abnormal return of -1.7% yesterday. This suggests that
earnings are expected to decrease next quarter.
QQAG stock will probably rise in value tomorrow.
investors expected the earnings increase to be larger than what was actually announced.
investors expected the earnings increase to be smaller than what was actually announced.
the market is not efficient.
Clear my selection
Multiple Choice 1 . 5 points QQAG just announced

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