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answer question (15 point total) short- Slowing assets real or financial ? the f

ID: 1163492 • Letter: A

Question

answer question (15 point total) short- Slowing assets real or financial ? the foll 1. Are (3 points) a. Patents b. Lease obligations c. Customer goodwill d. A college education e. A S5 bill the following factors reflect pure market risk for a given corporation ? explain. following 2. Which of (4 points) A. Increased short-term interest rates. B. Fire in the corporate warehouse. C. Increased insurance costs D. Death of the CEO. E. Increased labor costs. 3. Suppose you observed that high-level managers have superior returns on investments in their company's stock. Would this be a violation of weak-form market efficiency? Would it be a violation of strong-form market efficiency? (8 points)

Explanation / Answer

1)

Patent : Real Asset

Lease Obligation: Financial

Customer goodwill: Real Asset

A college education: Real Asset

A $ 5 Bill : Financial Asset

2)

Market risk is caused by the change in some factors in market. It is also called systematic risk. Such type of risk is beyond the control of firm.

Hence right Answers:

Increased short term interest rate.

Increased labor costs.

3)

High level manager have superior returns on investment in their company stock. Information related to company does not get reflected on prices of stock immediately. It is limited to few people. Hence, it would be violation of strong market efficiency.