Which two of the following are the most likely reasons why, Financial Management

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Which two of the following are the most likely reasons why

"Which two of the following are the most likely reasons why a stock price might not react at all on the day that new information related to the stock issue is released? I. insiders knew the information prior to the announcement, II. Investors need time to digest he information prior to reacting, III. The information has no bearing on the value of the firm, IV. The information was anticipated" II and IV only

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Financial Management: Which two of the following are the most likely reasons why

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Financial Management: Which two of the following are the most likely reasons why

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