A company s about to announce a new project that has a positive NPV.

CIMA F3 Question Answer

If the market is semi-strong form efficient, which of the following statements is most Likely to be true?

The value of the company will.

only change to incorporate historical information.

Increase by the NPV of the project once the information has been announced

already include the value of the project.

increase only on completion of the project.

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