Bartvv
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Assume that the efficiency of the stock market is "semi-strong". What will happen to the stock price if a company announces higher-than-expected earnings?

The stock price won't be affected because the efficiency of the market is "semi-strong" instead of "strong".
The stock price won't be affected because the efficiency of the market is "semi-strong" instead of "weak".
The stock price will increase.
The stock price will decrease.
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