Which concerning the first trade after the announcement

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Problem 1: Gold Ltd made an unexpected announcement at 11:00 am that a new gold mine had been discovered. The share price established in the last trade before the announcement was 37 cents. The first trade after the announcement was also at 37 cents but the following trade took place at 52 cents, which became the new established price. Concerning the first trade after the announcement:

a) The buyer has made an abnormal profit.
b) The seller has made an abnormal profit.
c) The buyer has made a normal loss.
d) The seller has made a normal profit.
e) The seller has made a normal loss.

Reference no: EM132932278

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