What is Nico's portfolio beta if he invests an equal amount in Asset X with a beta of 0.60, Asset Y with a beta of 1.60, and the risk-free asset?

The following are all functions of a chief information officer (CIO) EXCEPT ________

A) creating business opportunities B) overseeing the accounting office C) processing information D) updating computer systems E) balancing the benefits of technology against the costs

When evaluating the audit findings, the auditor should be satisfied that the

A) amount of known misstatement is documented in the management representation letter. B) estimate of the total known and likely misstatements is less than a material amount. C) estimate of the total likely misstatement includes sample error. D) amount of known misstatement is acknowledged and recorded by the client.