Semitool corp. has an expected excess return of 6% for next year. however, for every unexpected 1% change in the market, semitool's return responds by a factor of 1.2. suppose it turns out that the economy and the stock market do better than expected by 1.5% and semitool's products experience more rapid growth than anticipated, pushing up the stock price by another 1%. based on this information, what was semitool's actual excess return?

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Answer(d); /// in the absence of transaction costs,private parties can solve the problem of externalities on their own;

Answernafta/// (true) it allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers;