Nicholas Manufacturing just announced yesterday that its 4th quarter earnings will be 10 higher than last year's 4th quarter You observe that Nicholas had an abnormal return of 1 2 yesterday This suggests that A the market is not efficient B investors expected the earnings increase to be larger th...

Nicholas Manufacturing just announced yesterday that its 4th quarter earnings will be 10% higher than last...

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Business Statistics In Practice

ISBN: 9780073401836

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Authors: Bruce Bowerman, Richard O'Connell

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