What is the expected return for Asset X if it has a beta of 1.5, the expected market return is 15 percent, and the risk-free rate is 5 percent?
A) 5.0%
B) 7.5%
C) 15.0%
D) 20.0%
D) 20.0%
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John is a sales representative for a pharmaceutical company, and he specializes in the sales of antibiotics to hospitals. What should John do to ensure that the pharmacists who place orders for medicines remember the brand of antibiotics that he sells?
A. He should give them free vouchers and medical insurance. B. He should use data mining strategies. C. He should offer bribes to the concerned pharmacists. D. He should give them useful items imprinted with his company's name. E. He should compel them to place regular orders with his company.
Becky wants to buy a car but cannot obtain a loan from the bank on her own. Lori agrees to be the co-signer on Becky's loan, on the condition that Lori would only be liable for the amount of the loan if Becky actually defaults on the loan. In this situation, Lori would best be described as a guarantor.
Answer the following statement true (T) or false (F)
Audit findings represent a summary of incorrect transactions detected during the audit
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of circumstances that would not limit the audit scope?
a. An inadequacy in the accounting records. b. The inability to gather sufficient competent evidence. c. Emphasis of an important matter. d. The timing of the fieldwork.