In Business Recorder today, the following announcement was made: The Court earlier today, reached a...
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In Business Recorder today, the following announcement was made: The Court earlier today, reached a landmark decision regarding the case of Dollar Product Care (DPC). According to the announcement the DPC has been found guilty of following an inequitable hiring practices. Therefore, they must compensate the victims by paying Rs. 3 million each year for next five years, to a fund created for them. If the market is efficient, should investors not buy DPC stock following the announcement because the lawsuit will cause an abnormally low rate of return? Explain.
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