capital for SPB is $14\%($effective annual rate$).$ Complete parts a through $f$ below.

a$.$ Refer to the attached figure and assume the market is semistrong$-$form efficient. What was the price of SPB$\text{'}$s stock at $9$:$30$ a$.$m$.?$

The price of SPB$\text{'}$s stock at $9$:$30$ a$.$m$.$ was $ $106\mathrm{.}54\text{'}.$

$($Round the final answer to the nearest cent. Round all intermediate values to six decimal places as needed.$)$

b$.$ Continue to assume the market is semistrong$-$form efficient. What was the price of SPB$\text{'}$s stock at $10$:$30$ a$.$m$.?$

The price of SPB$\text{'}$s stock at $10$:$30$ a$.$m$.$ was $$

$($Round the final answer to the nearest cent. Round all intermediate values to six decimal places as needed.$)$

Market Efficiency

information is incorporated very quickly into stock prices, is often

called semistrong$-$form market efficiency. The term "semistrong" indicates that

it is not as complete as strong$-$form market efficiency, where prices immediately

incorporate all information, including private information known, for example,

only to managers. Finally, the term "weak$-$form market efficiency" means that

only the history of past prices is already reflected in the stock price. It helps to

think of the different forms of market efficiency as meaning that prices

incorporate a steadily increasing set of information and that each of these

forms encompasses all the lower forms. For example, since the history of past