Followers of the random walk hypothesis believe thata) security analysis is the best tool to utilize when investing in the stock market. b) the price movements of stocks are unpredictable, and therefore security analysis will not to predict future market behavior. c) that traders can earn higher than normal returns by exploiting market anomalies such as the small-firm effect. d) support levels and resistance lines, when combined with basic chart formations, yield both buy and sell signals.

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.