Your boss has told you that tomorrow the Federal Drug Administration (FDA) will announce its approval of your firm's marketing of a new breakthrough drug. As a result of this information, you are considering purchasing shares of stock in your firm this afternoon. 

Required:

Discuss whether or not you would buy the stock and discuss the implications of the six financial principles for this scenario.

Answer rating: 100% (QA)

If I were in your shoes I would not buy the stock Here are a few reasons why Insider trading is illegal You have nonpublic information about your comp... View the full answer