1. Please provide your thoughts about the efficient market hypothesis (EMH) and how the 2007-2009 recession are related. Please add citations and references.
2. You need to borrow $44,000 to buy a truck for you business. The quoted rate (APR) is 4.2% and you want to pay the loan off in equal monthly payments over 5 years. How much will your monthly payment be? What is the loan's EAR (effective annual rate)? Show EAR with two decimals.