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cassandra_dan cassandra_dan
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6 months ago
During January and February, the stock of Pigeon Couriers was trading at about $25. On March 1, the stock price began to rise until it hit $35 on March 14. On March 15, the company disclosed that earnings were up an unanticipated 15% compared to last year, and the stock price did not change. Explain how, in an efficient market, this is possible.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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kayekalicokayekalico
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6 months ago
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cassandra_dan Author
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6 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Mkersey12
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Yesterday
Thanks
bkrandy
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2 hours ago
Thanks
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