1. Industry or "sector" experts who by their own intelligence and knowledge and using public sources of information deduce and ascertain a company's confidential information and then trade on that information can be said to be acting:
Legally under federal securities laws in the United States.
Moral under Ethical Egoism.
Illegally under federal securities laws in the United States since there is not a level-playing-field.
A and B.
2. A rental property is expected to generate an average cashflow per month of $14,500 over its 30-year expected life. Based on the expected cashflow, and assuming a 9% required return, what is the value of the property?
$1,698,487
$1,893,892
$1,815,603
$1,945,365
none of the above