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QUESTION 9 Google has a beta of 1.0. The annualized market return yesterday was 11%, and the risk-free rate is currently 5%. You observe that

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QUESTION 9 Google has a beta of 1.0. The annualized market return yesterday was 11%, and the risk-free rate is currently 5%. You observe that Google had an annualized return yesterday of 14%. Assuming that markets are efficient, this suggests that bad news about Google was announced yesterday. good news about Google was announced yesterday. no news about Google was announced yesterday. interest rates rose yesterday. interest rates fell yesterday. QUESTION 10 The main difference between the three forms of market efficiency is that the definition of efficiency differs. the definition of excess return differs. the definition of prices differs. the definition of information differs. they were discovered by different people

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