The volatility of a portfolio that is equally invested in Wal-Mart and Duke Energy is closest to ________
Consider the following expected returns, volatilities, and correlations:
Stock Expected
Return Standard
Deviation Correlation with
Duke Energy Correlation with
Microsoft Correlation with
Wal-Mart
Duke Energy 14% 6% 1.0 -1.0 0.0
Microsoft 44% 24% -1.0 1.0 0.7
Wal-Mart 23% 12% 0.0 0.7 1.0
A) 4.0%
B) 0.7%
C) 6.7%
D) 20.1%
Answer: C
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The net marketing contribution for Doldrum Inc. is $600 million and its total assets are worth $2 billion. The other expenses, including interest and taxes, amount to $400 million. Calculate the company's return on assets
A) 5% B) 10% C) 15% D) 20% E) 25%
Residual income is the
a. difference between the net sales that the analyst expects the firm to generate and the required earnings of the firm. b. difference between the net income that the analyst expects the firm to generate and the required earnings of the firm. c. difference between the common stock that the analyst expects the firm to issue and the required earnings of the firm. d. difference between the expenses that the analyst expects the firm to generate and the required earnings of the firm.
Customers with credit balances in their accounts are entitled to a refund if they do not intend to make any future purchase
Indicate whether the statement is true or false
Last week, Andrew, who works for a beverage distributor, made his first sale at a new restaurant. Today, Andrew plans to stop by the restaurant to make sure that the order has arrived and that the staff is ready to sell the new products
Andrew is in the ________ step of the personal selling process. A) approach B) overcome objections C) preapproach D) close the sale E) follow-up