After your consultation with Michelle, she asks to discuss these two scenarios with you: While in the
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Question:
After your consultation with Michelle, she asks to discuss these two scenarios with you:
While in the waiting room of your office, she overheard an analyst on a financial TV network say that a particular medical research company just received FDA approval for one of its products. On the basis of this “hot” information, Michelle wants to buy many shares of that company’s stock. Assuming the stock market is highly efficient, what advice would you give her?
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