A market decline of 23% on a day when there is no significant macroeconomic event ______ consistent with the EMH because ________.
A) would be; it was a clear response to macroeconomic news
B) would be; it was not a clear response to macroeconomic news
C) would not be; it was a clear response to macroeconomic news
D) would not be; it was not a clear response to macroeconomic news
Correct Answer:
Verified
Q20: The stock market follows a
A) nonrandom walk.
B)
Q21: In an efficient market,
A) security prices react
Q22: On November 22, the stock price of
Q23: Studies of positive earnings surprises have shown
Q24: A finding that _ would provide evidence
Q26: Two basic assumptions of technical analysis are
Q27: Cumulative abnormal returns (CAR)
A) are used in
Q28: Studies of stock price reactions to news
Q29: The weather report says that a devastating
Q30: Studies of negative earnings surprises have shown
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents