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.

Paccar's current stock price is $75.10 and it is likely to pay a $3.29 dividend next year. since analysts estimate paccar will have a 14.2 percent growth rate, what is its required return? multiple choice 15.39 percent 17.94 percent 19.62 percent 18.58 percent

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)