Multiple Choice
ABC Ltd made an unexpected announcement concerning a major new contract on Monday,but ABC shares were not traded until the following Wednesday and Friday.The closing price on Wednesday was unchanged from Monday but different to that on Friday.Trading of ABC shares appears to be an example of:
A) market efficiency.
B) an announcement imparting no 'new' news.
C) market inefficiency.
D) infrequent trading,not market inefficiency.
Correct Answer:
Verified
Correct Answer:
Verified
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