In order to help you through college, your parents just depo…

In order to help you through college, your parents just deposited $25,000 into a bank account paying 5% interest. Starting tomorrow, you plan to withdraw equal amounts from the account at the beginning of each of the next four years. What is the MOST you can withdraw annually?

You have discovered from looking at news announcements on th…

You have discovered from looking at news announcements on the Wall Street Journal website that if you buy the stock of a firm on the day the firm announces that it has higher than expected earnings, you make money every time in the following week! This is clearly a violation of the _____ of market efficiency.