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A year ago
Under the efficient markets hypothesis, for news about a company's prospects to have a large impact on the price of the company's stock, the news must
A) have an impact on the company's profitability in the short term.
B) have an impact on the company's profitability in the long term.
C) significantly increase the likelihood that the company will go bankrupt.
D) significantly reduce the liquidity of the company's stock.
Textbook 

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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A year ago
B
1

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