A firm's EPS last year was $1, and it issues an earnings release conveying a current year's EPS of $5. Which of the following do you expect will result in the highest positive price change for the firm's common stock? a. Expected EPS was $5, and the current year EPS is not expected to persist. b. Expected EPS was $4, and the current year EPS is not expected to persist. c. Expected EPS was $4, and the current year EPS is expected to persist.
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