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You own stock in XYZ company which operates on the pharmaceutical industry. This company is on the verge of a drug that can revolutionize cancer treatment and this information has just been released to the public. The stock price appreciated significantly only after the release of this information to the public. This is an example of:

A. Weak form market efficiency

B. Semi strong from market efficiency

C. Strong market efficiency

D. Cannot be determined from the given information

Financial Management, Finance

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