The following independent situations have occurred: Required: For each of the independent situations described...
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The following independent situations have occurred:
Required: For each of the independent situations described above, determine with reasons whether the shares were exhibiting a weak, semi-strong, or strong form of efficiency.
Situation Share price at beginning of the day Share price began the day at $20.30. Share price at end of the day Share price closed at $18.75. 1 2 Share price began the day at $20.30. Share price closed at $20.28. 3 Share price began the day at $25.00 Share price closed at $25.03. The founding CEO has publicly announced she has just been diagnosed with a heart ailment The founding CEO has publicly announced she has just been diagnosed with a heart ailment. Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago. Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago. Analyst estimates for EPS were for $2.75. Quarterly EPS of $3.00 were publicly reported versus $2.00 a year ago. Analyst estimates for EPS were for $2.75. 4 Share price began the day at $25.00 Share price closed at $28.00 5 Share price began the day at $25.00 Share price closed at $28.00 today, $25.00 one day later, $22.00 two days later, $30.00 three days later, $26.00 four days later
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