A friend tells you about a mutual fund called the Global Asset Fund. The fund's expected return and beta for next year are shown in the table below
The expected return and beta of the risk free asset and the market portfolio are also shown in the table. Consider an alternative investment strategy of investing in a portfolio on the Security Market Line with the same beta as the Global Asset Fund. What return should you expect to earn from that portfolio?
Asset Expected Return Beta
Risk-Free 5.5% 0
Market Portfolio 11.5% 1
Global Asset Fund 16% 1.59
A) 12%
B) 13%
C) 14%
D) 15%
E) 16%
D
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A(n) _____ is a Web page that invites surfers to post opinions and artistic work, as well as links to sites of interest.
Fill in the blank(s) with the appropriate word(s).
Decisions concerning the selection of a target market and the creation of a marketing mix are made primarily as part of the ________ component of the marketing planning process
A) marketing objectives B) marketing strategies C) marketing audit D) market monitoring E) resource allocation
Loos Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The direct labor standards for the company's only product specify 0.90 hours per unit at $21.50 per hour. During the year, the company started and completed 26,800 units. Direct labor employees worked 25,220 hours at an average cost of $22.50 per hour.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When the direct labor cost is recorded,
which of the following entries will be made? A. $25,220 in the Labor Efficiency Variance column B. $25,220 in the Labor Rate Variance column C. ($25,220) in the Labor Rate Variance column D. ($25,220) in the Labor Efficiency Variance column
Customers enter the waiting line to pay for food as they leave a cafeteria on a first-come, first-served basis. The arrival rate follows a Poisson distribution, while service times follow an exponential distribution
If the average number of arrivals is four per minute and the average service rate of a single server is seven per minute, what proportion of the time is the server busy? A) 0.43 B) 0.57 C) 0.75 D) 0.25 E) 0.33