According to the efficient markets hypothesis, which of the following would decrease the price of stock in Veblen's Leisure Company?
a. Veblen announces, just as everyone had expected, that it has fired its CEO who has been accused of ethics violations.
b. Veblen announces, as the market had expected, that its profits were low.
c. Fundamental analysis published by KM Financial shows that Veblen's stock is undervalued.
d. A highly anticipated book is published by a Veblen insider which details Veblen's innovative technology in plain English, information that was previously unavailable to the public and which will now be used by Veblen's competitors.
d
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Consider the above figure. At a price level of 150
A) total planned production exceeds total planned real expenditures. B) total planned real expenditures exceed total planned real production. C) the price level would rise. D) inventories of unsold goods decline.
In the absence of right-to-work laws, workers
a. that went on strike could be permanently replaced. b. might be required to join the union if they worked for a unionized firm. c. would not be able to unionize. d. would not be able to strike.