Note : The Answers should be computerized ( Word Version ) or by Excel or Any Financial Program

Question A (4 Marks) Given the following returns on two stocks over seven consecutive days, what can you conclude about financial market efficiency? Stock x Stock y 4 +2% | -190 | +3% | -2% | +4% | -39,0 | +5% +2% | +2% | -190 | -390 | -190 | +5% | -190 Question B (4 Marks) If you notice a group of stocks that goes up in price when the market price of the stock divided by its book value is below 0.75 and the price goes down when the ratio reaches 1.35, what can you say about market efficiency