Question: What should equity traders do if the PEAD anomaly represents mispricing? Group of answer choices None of the above Sell stocks with positive earnings announcement

What should equity traders do if the PEAD anomaly represents mispricing?
Group of answer choices
None of the above
Sell stocks with positive earnings announcement surprises and short- sell stocks with negative earnings announcement surprises
Buy stocks with positive earnings announcement surprises and/or short-sell stocks with negative earnings announcement surprises
Buy stocks with positive earnings announcement surprises and Buy stocks with negative earnings announcement surprises
Short-sell stocks with positive earnings announcement surprises and/or buy stocks with negative earnings announcement surprises

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