A retailer fearful about lease renewal availability and/or renewal terms should consider store ownership

Your $2 million portfolio consists of 25% Evans stock with = 0.16, ? = 0.22 and 75% Indy stock with = 0.09, ? = 0.12. The correlation coefficient is 0.65. What is the value at risk over 1 day at a 99% confidence level? Assume 252 days per year

A) $27,976 B) $37,976 C) $47,976 D) $57,976

Chandler Corporation has 1 million shares outstanding. The current price per share is $20. If the company decides to use $2 million dollars to repurchase shares at the market price,

the company will have ________ shares outstanding worth approximately ________. Assume that the price does not change during the repurchase period. A) 900,000, $20 per share B) 1,000,000, $20 per share C) 900,000, $22.22 per share D) 1,000,000, $18 per share