After completing learning activities answer the following questions in complete sentences. 1. Discuss stock market efficiency. Is our stock market perfectly efficient? Provide reasoning and an example to support your answer for why or why not. (WSJ/google and see textbook section 11-6). 2. Explain the impact on stock valuations when dollar value is expected to increase. (see textbook section 11-3a). 3. ABC Inc. is a company based in the U.S. assuming growth for them is set at 6%, the current risk-free rate in the U.S. is 4% and the market premium is 9%. ABC Inc. paid a dividend yesterday of $1.40 and has a Beta of 1.2, What the current price per share? If the Beta was 0.8 (all else remains constant) what would be the new price per share