Question 30 0 out of 0.5 points Flukey Gold Mines makes an unexpected announcement regarding gold production at 2.20 p.m. Shares of the company were
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How can I calculate that? Is there any formula for this calculation or what

should i do?Screenshot 2019-06-01 at 2.18.46 pm.png

Screenshot 2019-06-01 at 2.18.46 pm.png

Question 30
0 out of 0.5 points
Flukey Gold Mines makes an unexpected announcement regarding gold production at 2.20 p.m. Shares of the company were traded at 12 p.m., 2.10 p.m.,
X 2.30 p.m. and 4 p.m. If the market for Flukey Gold Mines' shares is efficient, then at which trade will the newly established share price fully reflect the new
information?
Selected Answer: @ 2.10 p.m.
Answers:
12 p.m.
2.10 p.m.
on the opening of the next trading day
4 p.m.
2.30 p.m.
Response Feedback: incorrect

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