Question 18 [5 points] Suppose you have the following information about a company:  Stock price is currently $570 per s

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Question 18
[5 points]Suppose you have the following information about a company:
 Stock price is currently $570 per share. There are 100,000 number of sharesoutstanding.  Operating Current Assets are$350,000. Operating Current Liabilities are $120,000
Given this information, the NET OPERATING WORKING CAPITAL forthis company is:
(a) $57,000,000(b) $470,000(c) $450,000(d) $230,000(e) Not possible to calculate given this information.
Directions: This is a multiple choice question.
Question 19
[5 points]
If you strongly believe in the Efficient Market Hypothesis,which trading strategy are you MOST LIKELY to utilize?
(a) An active trading strategy where you actively buy and sellindex portfolios like the S&P 500. (b) A passive tradingstrategy where you buy and hold index portfolios like the S&P500.(c) A trading strategy that uses technical indicators but notfundamental indicators.(d) A trading strategy that invests in growth firms but not valuefirms.
(e) A trading strategy that invests in value firms but notgrowth firms. Directions: This is a multiple choice question.
Question 20
[5 points]
For this question, refer to the Excel file with the tab"Question 20." This tab contains the daily closing prices for Teslaand the SPY (S&P 500 index), respectively. The data sample isfrom January 3, 2022 until June 29, 2022. The risk-free rate iszero over the sample period.
Which of the following statements BEST describes the alpha forTesla for the available sample range:
(a) Tesla's alpha is -1.80 and is statistically insignificantgiven the t-statistic.(b) Tesla's alpha is -0.50 and is statistically significant giventhe t-statistic.(c) Tesla's alpha is 1.41 and is statistically significant giventhe t-statistic.(d) Tesla's alpha is 1.97 and is statistically insignificant giventhe t-statistic.(e) Tesla's alpha is 2.01 and is statistically significant giventhe t-statistic.(f) Tesla's alpha is 2.62 and is statistically insignificant giventhe t-statistic.(g) Tesla's alpha is near zero and is statistically insignificantgiven the t-statistic.
Directions: This is a multiple choice question. Use the marketmodel to estimate alpha.