23. LookGood, Inc. has just announced the bad news that its earnings have dropped by 30 percent. In fact, its investors had anticipated a decrease of 20 percent. As a result, LookGood's stock price: A. increases. B. remains the same. C. decreases. D. follows a random walk as usual.

24. LookGood, Inc. has just announced the bad news that its earnings have dropped by 30 percent. In fact, a 40% decrease in earnings had previously been forecast.. As a result of the most recent earnings anouncement, LookGood's stock price is expected to: A. increase. B. remain the same. C. decrease. D. follow a random walk as usual.

25. What is the current price of a share of stock for a firm with $5 million in balance-sheet equity,

500,000 shares of stock outstanding, and a price/book value ratio of 4?

A. $2.50 B. $10.00 C. $20.00 D. $40.00

Using finance calc please show work