Explain the effect on a company's stock price today of each of the following. A. the interest rate on bonds falls. b. several companies in the same sector announces surprisingly higher sales c. A change in the tax law passed last year reduces this year's profit. d. the company unexpectedly announces that due to an accounting error it must amend last year's accounting statement and reduce last year's reported profit by $5 million. it also announces that this change has no implications for future profits. 17. Salles mae is quasi govermental agency that packages individual student loans into pools of loans and sells shares of these pols to investors as sallie mae bonds. c. suppose that a very service recession hits and as a consequence many graduating student cannot get jobs and default on their student loans. what effect will thus have on sallie mae bonds? Why is it likely that investors now be live sallie Mae bonds to be riskier than expected? What will be the effect on the availability of student loans?