4. Front running, also known as tailgating, is the prohibited practice of entering into an equity (stock) trade, option, futures contract, derivative, or security-based swap to capitalize on advance, non-public knowledge of a large ("block") pending transaction that will influence the price of the underlying security.

This practise is a violation of which form of the Efficient Market Hypothesis (Strong, semi-strong or weak form)? Why?

5. a) What is the difference between the expected rate of return and the required rate of return?

b) Whats wrong with (critique) We are only raising debt this year and it has a 5% after tax cost, so we should use this, and not our WACC of 10% to evaluate this years projects?