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TEST NO. 3 PAGE 14 5. (4 points) Throughout the semester we have discussed stocks, capital budgeting and M&As. Discuss how the efficient market hypothesis

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TEST NO. 3 PAGE 14 5. (4 points) Throughout the semester we have discussed stocks, capital budgeting and M&As. Discuss how the efficient market hypothesis can be used to explain the results we see in each area. 6. (4 points) Make an argument for using the WACC to evaluate leasing. How is this consistent with other capital budgeting problems? How does the sequencing problem" come into play

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