Shares of firm A and firm B trade on an efficient market. The two firms are similar in their operations, are of the same size and risk, and are growing rapidly. They both report the same net income. However, you see in the financial statement notes that firm A uses declining balance amortization for capital assets, while firm Buses straight-line amortization. Which firm's shares should sell at the higher price-earnings ratio, all other things being equal? Explain. Explain why financial statement information has characteristics of a public good. Include a definition of a public good in your answer. What does this imply about using the extent of security market reaction to accounting information to guide accountants? To guide standard setters? Explain in your own words what "post-announcement drift" is. Why is this an anomaly for securities market efficiency? Give two behavioral biases that could generate post-announcement drift