When a new stock is introduced into a portfolio and the ups and downs of its return appear to coincide with those of the portfolio's return, the stock's return is said to be perfectly positively correlated with the portfolio's, and its addition will reduce portfolio risk
Indicate whether the statement is true or false
False
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Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data:
What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $15,000 U
B) $15,000 F
C) $3571 U
D) $4687 F
________ is the money available to a firm to cover the costs of marketing its products, operating the business, and profit.
A. Final discount B. Operating factor C. Price factor D. Net profit E. Gross profit
The fair use doctrine allows limited public use of copyrighted material without the permission of
the copyright holder. Indicate whether the statement is true or false
Sam wants to sell his golden retriever to Al. Sam tells Al that the dog is three years old and that it will point, back, and retrieve. Although the dog is three years old and will point at birds, he will not back (honor another dog's point). Al relies on these statements and purchases the bird dog. The buyer has most probably been a victim of:
a. undue influence. b. fraud in the execution. c. fraud in the inducement. d. duress.