Based on the semi-strong form of the efficient market theory, an investor reacting immediately to a news flash on the television generallya) can make an abnormal profit. b) is guaranteed to make a reasonable profit. c) is too late to make an exceptional profit. d) will suffer a loss.

Option C)

Explanation:

The theory of semi-strong form or structure of efficient market is a sort of  holds that security costs alter rapidly to recently accessible data, in this way wiping out the utilization of key or specialized examination to accomplishing a better yield.

Since, under the semi-solid type of the efficient market, all open data is limited in current costs.

Thus its too late for an investor responding immediately to a news flashing on the television to make exceptional gain.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o