8. True or False: If a person consistently makes profitable stock trades after reading publicly available Annual Reports, this proves that the stock market is Semi-Strong form efficient 9. Over the past 80 years, which of the following has proved the Second to the least risky? a. b. c. d. small company stocks large company stocks treasury bills treasury bonds corporate bonds e. manic Given the following information, what is JEM Inc.'s weighted average cost of capital? Market value of equity = $50 million; market value of debt = $30 million; cost of equity = 16%; cost of debt = 8%; equity beta = 1.25; tax rate = 34%. a. 11.29% b. 11.45% c. 11.98% . 12.32% e. 13.00%