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Reptor Reptor
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5 years ago
Suppose that Google announces that its profits for the third quarter of 2016 were $1.6 billion. As a result of this announcement the price of Google's stock declines. The best explanation of this is
A) market participants expected Google's profits to be greater than $1.6 billion for the third quarter.
B) market participants expected Google's profits to be less than $1.6 billion for the third quarter.
C) the stock market is not an efficient market.
D) market participants have adaptive expectations.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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pepebillypepebilly
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5 years ago
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Reptor Author
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Brilliant ツ
sweetalia
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Correct Slight Smile TY
Butwhy
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You make an excellent tutor!
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