The common stock of Glick Toys Inc. has a daily standard deviation of stock price returns of 75 basis points (0.75 percent). On a certain day, call it Day 0, Glick Toys announces the launch of a new product line. You have been asked to evaluate whether the announcement was well received by the market. You decide to take the skills you learned in Core Finance and Data Analysis and perform an event study. The expected return on the market portfolio is two basis points a day (0.02 percent). An abnormal return is considered statistically significant if it is larger than two standard deviations in absolute value. Day relative to anncment Stock Price
-4 30
-3 30.33
-2 30.48
-1 30.3
0 31.21
1 31.52
2 31.27
3 31.14
Based on the stock price movement what can you conclude about the announcement and what does it suggest about market efficiency.

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.