Please help me answer this!

_5. Suppose a rm were to do a recapitalization in which they issue equity and use the proceeds to pay down their debt. Which of the following are likely reasons the stock price might change as a reSult of this transaction? a) The recapitalization reduces tax shields by an amount larger than the decrease in expected costs of nancial distress. b) The decision to issue equity sends a signal to the market. c) The decision to issue equity reduces EPS. d) Both A and B. e) All of the above. 6. A rm has excess cash of $10M, a current stock price of $5 per share, and SM shares outstanding. The rm issues a special dividend of $1 per share, which reduces their excess cash to $5M. In a Modigliani and Miller world, the new share price of the rm will be: a) $4 b) $5 e) $6 d) Impossible to determine. 7. Recall that betas are measured as the covariance of returns from an investment with those of a well-diversied stock market portfolio, such as the S&P 500. With this in mind, what is the average asset beta across all public rms in the U.S.? a) Less than 1 b) Equal to 1 e) Greater than 1 d) Impossible to determine