1. From a behavioral perspective, the anomaly known as post-earnings announcement drift or momentum is best explained by

self attribution bias.

representativeness.

familiarity bias.

loss aversion.

2. The preferred stock of Zippy Corp is selling at a $10 and it pays a $1 dividend. What is the required return to this preferred stock?

a. $1

b 10%

c 100%

d you would need to know g before you could answer this question

e None of the above