Question 1: Consider all questions below

The shareholders of Santori Sdn Bhd are Sunny, Terri and Ratna. Santori Sdn Bhd holds all the shares in Kotor Bhd and in Bersih Bhd. Kotor Bhd holds all the shares in Gelap Bhd and controls the composition of the board of directors in Terang Sdn Bhd. Gelap Bhd holds 50% of the shares in Bright Bhd and 49% shares in Dark Bhd. Bright Bhd holds all the shares in Chop Bhd. Bersih Bhd controls the composition of the board of directors in Cut Sdn Bhd and holds 50% of the shares in Aiyoh Sdn Bhd. Cut Sdn Bhd holds all the shares in Cry Bhd.

(a)You are required to name:

(i)The wholly-owned subsidiaries of Santori Sdn Bhd.

(ii)The ultimate holding company of Dark Sdn Bhd.

(iii)The related companies of Bersih Bhd.

(b)Sunny was informed by his daughter, Cally, who is currently studying Company Law that there is a possibility that Santori Sdn Bhd is not required to have its accounts audited and filed with the Registrar of Companies. You are required to advise Sunny whether the information given by Cally is correct.

(c)Santori Sdn Bhd has three members, namely Sunny, Terri and Ratna. Recently, Ratna offered to sell her shares to Jelly Sdn Bhd. Jelly Sdn Bhd wrote to the board of directors of Santori Sdn Bhd for their commitment to register the shares in Jelly Sdn Bhd's name if Jelly Sdn Bhd were to buy the shares. You are required to advise the board of Santori Sdn Bhd on the consequences of Ratna selling her shares to Jelly Sdn Bhd.

Questions 2: Answer all questions below

Question 1 :1 point: Semistrong form efficiency implies: I a] All historical market information, including prices and volume. is included in the price. I b] All information, both public and private is already incorporated in the price. I c} Superior returns may be obtained by the analysis of past prices and volumes. d] All public information is already incorporated in the price. Question 211 point]- Which ofthe following is NOT an empirical challenge to market efficiency? I a] small stocks tend to outperform large stocks I b] value stocks tend to outperform growth stocks I c] investors appear to react slowly to earnings announcements di stocks sometimes return more than their expected return s, and at othertimes return less than their expected returns Question 3 [1 point]- Which ofthe following should not lead to an increase in market efciency? I a] Information is available faster I b] Infon'nation is available at a lower cost cjl There are more assets {for example, number of stocks) in the market for the same number of market participants I d] There are more participants in the markets for the same number ofassets Question 411 polnt] An exchange rate regime is one under which rates of exchange are determined in the market on the basis of predominantly private transactions is called: \fD Question 8 1 pts If the financial distress is temporary, it is called technical insolvency. If it is a permanent problem, it is called insolvency in bankruptcy. O True O False D Question 9 1 pts In U.S. bankruptcy law, Chapter 7 deals with business reorganization guidelines and Chapter 11 deals with liquidation procedures. O True O False1. For the two parts of this question, state the appropriate distribution to use and calculate the mean, variance and the probabilities indicated: In an intermediate level economics class there are 16 students. Nine of these are economics majors. For class discussion purposes five students are randomly selected. Distribution = 1. For the two parts of this question, state the appropriate distribution to use and calculate the mean, variance and the probabilities indicated: In an intermediate level economics class there are 16 students. Nine of these are economics majors. For class discussion purposes five students are randomly selected. Mean # of econ majors selected from 5 students = 1. For the two parts of this question, state the appropriate distribution to use and calculate the mean, variance and the probabilities indicated: In an intermediate level economics class there are 16 students. Nine of these are economics majors. For class discussion purposes five students are randomly selected. Variance of # of econ majors out of 9 students =