Week 5 Homework – Finance Question 1 1. The stock of Billingsley United has a beta of 0.92. The market risk premium is 8.4 percent and the risk-free rate is 3.2 percent. What is the expected return on this stock? 8.87 percent 9.69 percent 10.93 percent 11.52 percent 12.01 percent Question 2 1. You own a portfolio that has $1,900 invested in Stock A and $2,700 invested in Stock B. If the expected returns on these stocks are 9 percent and 15 percent, respectively, what is the expected return on the portfolio? 10.57 percent 11.14 percent 11.96 percent 12.52 percent 13.07 percent Question 3 1. A $36,000 portfolio is invested in a risk-free security and two stocks. The beta of stock A is 1.29 while the beta of stock B is 0.90. One-half of the portfolio is invested in the risk-free security. How much is invested in stock A if the beta of the portfolio is 0.58? $6,000 $9,000 $12,000 $15,000 $18,000 Question 4 1. You own a portfolio of two stocks, A and B. Stock A is valued at $6,540 and has an expected return of 11.2 percent. Stock B has an expected return of 8.1 percent. What is the expected return on the portfolio if the portfolio value is $9,500? 9.58 percent 9.62 percent 9.74 percent 9.97 percent 10.23 percent Question 5 1. The systematic risk is same as: Unique risk Diversifiable risk Asset-specific risk Market risk Unsystematic risk Question 6 1. Portfolio diversification eliminates which one of the following? Total investment risk Portfolio risk premium Market risk Unsystematic risk Reward for bearing risk Question 7 1. What is the beta of the following portfolio? 0.98 1.02 1.11 1.14 1.20 Question 8 1. What is the beta of the following portfolio? 1.08 1.14 1.17 1.21 1.23 Question 9 1. Standard deviation measures _____ risk while beta measures _____ risk. systematic; unsystematic unsystematic; systematic total; unsystematic total; systematic asset-specific; market Question 10 1. You have observed the following returns on ABC’s stocks over the last five years: 3.8%, 8.8%, -5.8%, 12.7%, -3.8% What is the arithmetic average returns on the stock over this five-year period. Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 11 1. Suppose a stock had an initial price of $98.05 per share, paid a dividend of $8.6 per share during the year, and had an ending share price of $86.45. What are the percentage returns? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 12 1. You have observed the following returns on ABC’s stocks over the last five years: 2.2%, 9.1%, 8.9%, 12.9%, 6.4% What is the geometric average returns on the stock over this five-year period. Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 13 1. You have observed the following returns on ABC’s stocks over the last five years: 2.1%, 8.8%, 12.4%, 13.1%, 4.9% What is the arithmetic average returns on the stock over this five-year period. Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. Question 14 1. Calculate the expected returns of your portfolio Stock Invest Exp Ret A $199 3.6% B $714 14.3% C $455 25% Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 12.345% then enter as 12.35 in the answer box. Question 15 1. You own a portfolio invested 21.65% in Stock A, 12.78% in Stock B, 13.99% in Stock C, and the remainder in Stock D. The beta of these four stocks are 0.48, 1.2, 0.79, and 1.26. What is the portfolio beta?…

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