Combining negatively correlated assets having the same expected return results in a portfolio with ________ level of expected return and ________ level of risk

A) a higher; a lower
B) the same; a higher
C) the same; a lower
D) a lower; a higher

C

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Dewey, Cheatem & Howe, Inc., received cash from selling 500 shares of its $0.50 par value common stock at $12 per share. What happens to assets?

A. 0 No Effect B. (6,000) Common Stcok C. 250 Common Stock D. 6,000 Common Stock E. 250 Common Stock; 5,750 Paid-in Capital in Excess of Par F. 5,750 Common Stock; 250 Paid-in Capital in Excess of Par G. (250) Common Stock; (5,750) Paid-in Capital in Excess of Par H. 6,000 Sales Revenue I. 6,000 Cash J. 250 Cash K. (6,000) Cash

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Grey, a calendar-year taxpayer, was employed and resided in New York. On February 2, 2016, Grey was permanently transferred to Florida by his employer. Grey worked full-time for the entire year. In 2016, Grey incurred and paid the following unreimbursed expenses in relocating: Lodging and travel expenses while moving-$1,000 Pre-move house-hunting costs-1,200 Costs of moving household furnishings and personal effects-1,800 What amount was deductible as moving expense on Grey's 2016 tax return?

a) $2,800 b) $4,000 c) $1,000 d) $1,800

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