thank you very much for your help The following figure shows the pattern of...
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The following figure shows the pattern of cumulative abnormal returns (CARs) for insider sales and purchases around an insider trading event. Explain whether this evidence is consistent with the Grossman-Stiglitz paradox? Cumulative Daily Average Prediction Errors (%) man Sales Purchases 200 300 - 100 100 200 Event Day Relative to Insider Trading Day [9 marks]
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