What is the excess return for the portfolio of small stocks?
Consider the following average annual returns:
Investment Average Return
Small Stocks 23.5%
S&P 500 13.1%
Corporate Bonds 7.3%
Treasure Bonds 6.1%
Treasury Bills 4.0%
A) 11.7%
B) 16.6%
C) 19.5%
D) 17.6%
Answer: C
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Hill Corporation's contribution margin income statement for March is as follows:
Sales (2,500 units) $112,500 Variable expenses 78,750 Contribution margin $33,750 Fixed expenses 15,000 Operating income $18,750 Which of the following statements is NOT correct? A) The contribution margin ratio for March was 45%. B) The breakeven point for March was 2,200 units. C) The margin of safety for March was $78,000. D) Each unit sold during March increased operating income $60.