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a. (5 pts) Find and name at least 3 internet/telecommunication companies whose stock prices soared at a fast pace in a short time just to fall back down around that time frame. b. (5 pts) Find at least 5 news headlines around 1997-2002 that testify to the internet bubble formation and collapse. Order the headlines chronologically. You may utilize the CSUCI Proquest library search (ask librarians for help) or Google news archive search. 3o to finance.yahoo.com and look up monthly historical prices of the Nasdaq Composite ndex (^IXIC). Use the Chart tool to plot the prices over the period 1998-2002. i. (5pts) For approximately how long the bubble evolved until it reached the peak? ii. (5 pts) Use the Comparison tool to overlap the S\&P500 Index (^GSPC) over the same period. iii. (5 pts) With the lessons from the class activity in mind, explain why arbitrageurs may have failed to prevent the bubble as it evolved. d. ( 25 points) In theory, we define arbitrageurs as rational, sophisticated, informed, and smart group of investors who can identify undervaluation or overvaluation of securities. In the real world, however, influential and famous money managers can make mistakes. Look up the news about Bill Ackman, the manager of the hedge fund Pershing Squares, and his wrong bet on Valeant Pharmaceuticals, Inc (VRX) in the time period 2014-2017. In a paragraph, explain what happened in that time span to Ackman and Valeant and relate the events to the concepts learned in class. a. (5 pts) Find and name at least 3 internet/telecommunication companies whose stock prices soared at a fast pace in a short time just to fall back down around that time frame. b. (5 pts) Find at least 5 news headlines around 1997-2002 that testify to the internet bubble formation and collapse. Order the headlines chronologically. You may utilize the CSUCI Proquest library search (ask librarians for help) or Google news archive search. 3o to finance.yahoo.com and look up monthly historical prices of the Nasdaq Composite ndex (^IXIC). Use the Chart tool to plot the prices over the period 1998-2002. i. (5pts) For approximately how long the bubble evolved until it reached the peak? ii. (5 pts) Use the Comparison tool to overlap the S\&P500 Index (^GSPC) over the same period. iii. (5 pts) With the lessons from the class activity in mind, explain why arbitrageurs may have failed to prevent the bubble as it evolved. d. ( 25 points) In theory, we define arbitrageurs as rational, sophisticated, informed, and smart group of investors who can identify undervaluation or overvaluation of securities. In the real world, however, influential and famous money managers can make mistakes. Look up the news about Bill Ackman, the manager of the hedge fund Pershing Squares, and his wrong bet on Valeant Pharmaceuticals, Inc (VRX) in the time period 2014-2017. In a paragraph, explain what happened in that time span to Ackman and Valeant and relate the events to the concepts learned in class

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