PGB, Inc, made an announcement about expanding business to overseas markets. The share price decreased by 10% on the date of the announcement. If the market is semi-strong form efficient, which of the following is incorrect?

a.Investors believe the value of the firm will be reduced by this decision.

b.All of the other choices.

c.Inventors have over-reacted to the announcement.

d.The negative value impact is immediately reflected in the share price.

2.Bond K has a coupon rate 6% per year (coupons paid out semi-annually), yield to maturity 3.5% per half-year and currently sell at price of $Y. What will be the price of the bond 1 year from now, right after the coupon is paid out (assuming the yields stay unchanged)?

a.Less than $Y

b.More than $Y

c.Unchanged

d.Need more information to answer

3.Bargaining power of suppliers is low if? Select the statement that is incorrect.

a.The industry (to which they supply) makes up the majority of their revenues

b.Suppliers products are standardized and/or have substitutes

c.There are many suppliers

d. Suppliers pose a credible threat of forward integration

4.

Everything else equal, a decrease in the money supply by the central bank would __________.

a.

Decrease the supply of loanable funds, shift the supply of funds curve to the right and increase the interest rate in the economy.

b.

Decrease the supply of loanable funds, shift the supply of funds curve to the left and increase the interest rate in the economy.

c.

Increase the supply of loanable funds, shift the supply of funds curve to the left and decrease the interest rate in the economy.

d.

Increase the supply of loanable funds, shift the supply of funds curve to the right and increase the interest rate in the economy.

Please just give answer to all