After continually monitoring the financial markets to seek mispriced securities, you have discovered that for a certain industry of stocks, large stock price drops are always followed by large price increases. Your discovery can be best described (based on the match between information set and the strength of EMH) as a violation of the:

	A.	Weak form of the efficient market hypothesis.
	B.	None of the above
	C.	Semi-strong form of the efficient market hypothesis.
	D.	Strong form of the efficient market hypothesis.
	E.	Moderate form of the efficient market hypothesis.

For a particular stock the old stock price is $20, the ex-rights price is $15, and the number of rights needed to buy a new share is 2. Assuming everything else constant, the subscription price is ______ .

	A.	$20
	B.	$5
	C.	$17
	D.	$13
	E.	$18