Your portfolio is comprised of 40 percent of stock X, 15 percent of stock Y, and 45
percent of stock Z. Stock X has a beta of 1.16, stock Y has a beta of 1.47, and stock Z
has a beta of 0.42. What is the beta of your portfolio?
The LIBOR is primarily used as the basis for the rate charged on:
A. short-term debt in the Lisbon market.
B. mortgage loans in the Lisbon market.
C. Eurodollar loans in the London market.
D. U.S. federal funds.
E. interbank loans in the U.S.
An increase in current liabilities will have which one of the following effects, all else
held constant? Assume all ratios have positive values.
A. increase in the cash ratio
B. increase in the net working capital to total assets ratio
C. decrease in the quick ratio
D. decrease in the cash coverage ratio
E. increase in the current ratio
Which one of the following is an example of a sunk cost?
A. $1,500 of lost sales because an item was out of stock