Multiple Choice
A soup manufacturer unexpectedly announces that it has hired a new manager. It is widely believed that this manager will raise the profitability of the corporation. At the same time interest rates unexpectedly rise. Which of the above would tend to make the price of the stock rise?
A) the announcement and the rise in interest rates
B) the announcement but not the rise in interest rates
C) the rise in interest rates, but not the announcement
D) neither the announcement nor the rise in interest rates
Correct Answer:

Verified
Correct Answer:
Verified
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