Ahhh oks. Yeah and I was also confused about the ASX and NYSE question. From the question, I think that ASX is strong form efficient due to immeidate change in price and NYSE to be weak form so I picked non of the above. I'm obviously wrong lol.
For the question involving the person making abnormal returns on past information; did anyone pick that he was investing in a weak form inefficient market.
Also, for the question involving finding the value of the unleavered and levered firm, was it VU = 100mil and VL = 50mil?