Your parents have never given you and your twin sister expensive gifts on your birthdays and new year. Today, you celebrate your 21^st birthday and your graduation from college. Your parents give you 25 bitcoins and your twin sister 25 bitcoins as your birthday and graduation gifts. You both are thrilled to death when you saw your gift certificates for these bitcoins. Your mother, the smart investor, purchased these bitcoins on your 11^th birthday for $2 per bitcoin with the intention of giving them to you on your 21^st birthday. The first thing you did is to check the price a bitcoin today and learned that it is trading in the market for $33,610 per bitcoin. You and your twin sister are ecstatic about your gift.

a. Draw a timeline and show all the cash inflows and outflows.

b. Determine the monthly deposits you have to make to your bank account starting from today for the next 25 years to accumulate the required amount.

c. You started working for The Lord of the Wings (LOWs) Inc. The company has its shares listed on the stock exchange. On the morning of July 6^th, the price of company shares is $15 in the market. While driving to work on the morning of July 6^th, you heard the CEO of the LOWs talking on the radio about a substantial technological breakthrough the company kept as a secret for the last year and a half. After hearing this announcement by the CEO, your dad purchased 500 shares of the LOWs at $15 per share on July 6^th. Throughout the week, the price of the LOWs shares increased. At the close of trading on July 9^th, the price of company shares was $35 per share. Your father sold his 500 shares of the LOWs at this price. During the week, no new information about the company, economy, or competitors came to the market. Given everything you know about market efficiency, briefly discuss the level of efficiency this stock market should have to observe the change in the price of LOWs company shares during the week following the CEOs announcement of the technological breakthrough.