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2 weeks ago
On a particular day, a mining company reveals that, due to new extraction technology, the extractable yield from several of its nickel/lead mines has risen by 15%. Which of the following is the LEAST likely consequence of such an announcement?

▸ Investors would revise their estimates of the net present value (NPV) of the firm.

▸ Investors would determine that the estimates of the firm's value on the date prior to the announcement were too high.

▸ Investors would increase their forecast of future cash flows in that firm.

▸ The price of the stock would rise due to the pressure to buy
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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wrote...
2 weeks ago
Investors would determine that the estimates of the firm's value on the date prior to the announcement were too high.
wrote...
2 weeks ago
TY
wrote...
2 weeks ago
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