If investors are reluctant to invest in companies whose CEOs have unsavory reputations or companies that despoil the environment, but information about CEOs and about activities with regard to the environment are difficult for typical investor to obtain, then we might expect (explain how each can happen, which is most likely and why)
a. The value of a company not to reflect the reputation of the CEO.-
b. The price of a share of stock of the company not to rise or fall depending on who is CEO-
c. The value of a company not to decline when a company fails to devote resources to protecting the environment-
d. The price of a share of stock of a company not to fall if investors suspect a company is polluting ground water-
e. A company to begin offering such information to investors as a profit seeking activity-