a) Which of the items listed below represent financial assets? (It can be more than one or none.) Mickey Mouse brand name Disney common stock Disney bonds Florida state bonds Apartment building Shares in a Real Estate Investment Trust (REIT) that owns apartment buildings REIT exchange-traded fund shares PhD degree in economics

b) Empty Seats (EMS), a global airline headquartered in Chicago, issued a bond a year ago. What will happen to EMS bond price if a virus unexpectedly shuts down air travel across the world? Please explain your answer for full credit. (5 points) What will happen to EMS bond price if inflation forecasts increase from 2% to 5%? Please explain your answer for full credit.