The Kolasinski and Li study of earnings surprises showed that:
A)prices tend to overreact and then properly adjust the following day.
B)prices tend to be unaffected by these types of announcements.
C)prices tend to adjust rapidly and efficiently to these announcements.
D)prices adjust slowly to earnings announcements.
E)earnings surprises tend to be predicted such that prices adjust prior to the announcement.

Question

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The Answer of The Kolasinski and Li study of earnings surprises showed that:
A)prices tend to overreact and then properly adjust the following day.
B)prices tend to be unaffected by these types of announcements.
C)prices tend to adjust rapidly and efficiently to these announcements.
D)prices adjust slowly to earnings announcements.
E)earnings surprises tend to be predicted such that prices adjust prior to the announcement.

The Kolasinski and Li Study of Earnings Surprises Showed That