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Chapter 13.5, Problem 1CC
Summary Introduction

To determine: Whether the uniformed investors expect to make money by trading based on news announcements.

Introduction: Informed traders are the individuals who settle on investment choices based on the data that assists them to beat the more extensive market. Uninformed traders are the individuals who take the contrary view of informed traders.

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Chapter 13 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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