Established share price fully reflect the new information

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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., 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?

  • 2.10 p.m.
  • 12 p.m.
  • on the opening of the next trading day
  • 2.30 p.m.
  • 4 p.m

Reference no: EM131070004

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