A portfolio has 40% of its value in IBM shares and the rest in Microsoft (MSFT). The volatility of IBM and MSFT are 40% and 30%, respectively, and the correlation between IBM and MSFT is -0.3. What is the standard deviation of the portfolio?

The mission of the Foreign Credit Insurance Association is to provide financing aid that will facilitate exports, imports, and the exchange of commodities between the United States and other countries

Indicate whether the statement is true or false.

In Palsgraf v. Long Island Railroad Company, involving a woman injured by an accidentally dropped package of fireworks that exploded as it was run over by a train, the railroad should not have been held liable for negligence because:

a. Palsgraf should not have been standing so close to the tracks b. railroad employees repeatedly warned Palsgraf that she was standing in a dangerous location c. there was nothing about the package that would suggest it was dangerous if dropped d. the railroad employees acted in an unreasonable manner e. none of the other choices