Stock S is expected to return 12 percent in a boom and 6 percent in a normal economy. Stock T is expected to return 20 percent in a boom and 4 percent in a normal economy. There is a probability of 40 percent that the economy will boom; otherwise, it will be normal. What is the portfolio variance if 30 percent of the portfolio is invested in Stock S and 70 percent is invested in Stock T?
A) .002220
B) .004056
C) .006224
D) .008080
E) .098000
B) .004056
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According to the text, companies consider at least three types of measures when assessing strategic performance, including all of the following except
A. measures of the company's progress toward achieving its mission, vision, and objectives. B. measures of the effectiveness of the company's employees, within and across the firm's international network of operations, in performing their assigned jobs. C. measures of the company's success in obtaining and applying the required resources, such as financial, technological, and human resources. D. measures of the company's success in accurately predicting the future as part of its scenario planning efforts.
The best way to reach the contact person for the editorial calendar in a media organization is to
A) call the Editorial Department. B) e-mail the Editor-in-Chief. C) contact bloggers who cover the media. D) telephone the manager of Investor Relations. E) show up at the media firm unannounced.
Answer the following statements true (T) or false (F)
SFAS No. 96 switched from the revenue-expense (matching) orientation of APB Opinion No. 11 to the asset-liability viewpoint.
Wes, who is an art collector, offered to buy a print from Le Monde Gallery. Le Monde balked at the price, sending Wes a letter of rejection. That day it discovered that the print was not as highly valued as originally thought. Le Monde immediately telephoned Wes to accept his offer. Is there a contract?
a. Yes, since the acceptance was received before the rejection. b. No, because the rejection was effective upon dispatch. c. No, because the rejection terminated the offer. d. Yes, because the acceptance is always effective upon dispatch.