31 The primary reason for the upward market movement in the value of the acquisition candidate is the low
premium that is offered over current market value in a merger or acquisition.
True False
32. The best strategy in a new public offering is often to sell the stock shortly after is becomes public.
True False
33. Of particular interest to stock repurchases, is the fact that most of the negative market movement comes
on after the announcement rather than before it.
True False
34. Research tends to indicate that stocks tend to peak in value on Friday and generally decline in value on
Monday.
True False
35. Positive abnormal returns on stocks may represent a measurement error.
True False
USA 
India