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Assume you work for a pharmaceutical firm in the research and development division. You have been notified that a new drug that has been in

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Assume you work for a pharmaceutical firm in the research and development division. You have been notified that a new drug that has been in clinical trials has been given approval by the Food and Drug Administration to treat an incurable disease-it will not be made public for another two weeks. Which of the following is correct if you are considering purchasing stock in the company you work for while assuming stock markets are semi-strong efficient? Multiple Choice You could buy the stock now but you would not earn an abnormal return. You could buy the stock now, earn an abnormal return, and there are no issues with your decision. o O You could buy the stock now, earn an abnormal return, but it may be unethical. You are not o You could buy the stock now but other investors would earn an abnormal return. In 2016 you put $195 in your savings account at the bank. In 2020, it is now worth $275. What was your percentage change in the investment? Multiple Choice | o -41.03% o % 30.77% o 897% 8.97% o 30.77% o -29.09% o 41.03% Assume you visit a Check Into Cash to see what their rates are on short-term loans. If they quote that you can receive a $120 loan if you pay back $383 at the end of the quarter, what is your effective annual rate if you take loans out for the full year? Multiple Choice o 47412% o 72,053.93% o 21917% 21917% o 10,2739% o 102.77%

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