1. International Business Machines Corporation (IBM) announced its 2019 4th Quarter Earnings on January 21, 2020. Run an event study to test efficiency of IBM stock prices response to new public information. Please download daily prices of IBM and S&P 500 index (from Yahoo Finance) for the period of between December 1, 2019 and February 21, 2020. Youneed to calculate the abnormal returns for a 5-day event window between January 22 and January 28, 2020. Do your empirical results support the theory in your text?

2. Create some filters (technical or fundamental) and choose a firm to analyze. Estimate the fair price for the firm by using the Dividend Discount Model, the Free Cash Flow Model and the Multiples, respectively. Based on your analysis make a buy or sell recommendation.

3. VONG and IWF are two Large Growth index ETF funds. IWD and VONV are Large Value index ETF funds. Pull monthly price data for these funds for the last five years. Use the data to answer the following questions:

a. On average which fund type performed better over the last five years? Do you empirical results support the theory in your text?

b. Between VONG and IWF, which fund do you recommend? (using Russell 1000 Growth Index (^RLG) for your analysis)

c. Between IWD and VONV, which fund do you recommend? (using Russell 1000 Value Index (^RLV) for your analysis)