Question: Please thoroughly explain and show all work. What is the efficient market hypothesis? If a publicly open traded company unexpectedly failed to achieve its sales
Please thoroughly explain and show all work.
What is the efficient market hypothesis? If a publicly open traded company unexpectedly failed to achieve its sales forecast, what would you expect to happen to its stock price and trading volume? How are the benchmark numbers from other businesses useful in developing Pro-forma financial statements? How does this relate back to the efficient market hypothesis?
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