 |  Investments, 4th Canadian Edition, 4/e Zvi Bodie,
Boston University School of Management
Alex Kane,
University of California, San Diego
Alan Marcus,
Boston College
Stylianos Perrakis,
Concordia University
Peter Ryan,
University of Ottawa
Market Efficiency
Internet Exercises| Prepared by William Lim, University of New Brunswick. Several websites will list information on earnings surprises. Much of the information supplied to sites is from Zacks.com. Each day the largest positive and negative surprises are listed. Go to http://my.zacks.com/earnings and identify the top earnings surprises for the day. The table will list the time and date of the announcement. Identify the tickers from the top three positive and negative surprises. Once you have identified them, go to http://finance.yahoo.com. Enter the ticker symbols and obtain quotes for these securities. Examine the 5-day charts for each of the companies. Is the information incorporated into the price quickly? Is there any evidence of prior knowledge or anticipation of the disclosure in advance of the trading? |
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2003 McGraw-Hill Higher Education