24) In the morning, investors valued stock of company X at 60/share. In the afternoon the company makes an announcement that causes investors to believe that earnings will be higher than they had thought in the morning, but beginning in three years. What does that do to the stock price upon the announcement? a) Higher b) Lower c) Not enough information, it will depend on the level of market efficiency. d) Nothing 25) A bond with a coupon rate of 6 percent that pays interest semiannually and will mature in 2 years is priced at face value $1000 will have a market price of _, an interest payments each period of_, and a discount rate per period (i.e., R) of_ Hint: Excel Syntax=RATE(nper, pmt, pv, [fv], [type], (guess]) a) $1,000; $30; 3% b) $1,030; $60; 3% c) $1,060; $60; 6% d) None of the above e) $1,000; $30; 6%