On 30 December 2009 MXM Group Releases Its Half- Yearly

question 6

Multiple Choice

On 30 December 2009 MXM Group releases its half- yearly earnings figures.These figures prove to be lower than market expectations.What will be the likely impact of this announcement on MXM's share price?

• A)The price will likely fall after the announcement.
• B)The price will likely rise after the announcement.
• C)The price will likely remain unchanged after the announcement.
• D)Any of the above reactions is equally likely.

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A specific type of insurance policy provision that provides compensation for damage or loss to property as a result of flooding.

Reformation

A legal process to correct or modify an existing contract or document to accurately reflect the parties' intentions due to errors or misunderstandings.

Consequential Damages

Compensatory damages awarded in a lawsuit for losses that do not directly arise from the action but are a consequence of the action.

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The maximum amount an insurance company will pay under a policy for a covered loss.