The equilibrium expected return on an asset is 14%, the risk-free rate is 4% and the return on the market portfolio is 12%. What is the beta of the asset?

Choose the MOST accurate option below.

a. Progress reports are written for internal personnel only. b. Managers use progress reports to monitor employees and evaluate projects. c. Using the memo format for a progress report is appropriate for an internal audience. d. Both b and c

A general journal

a. chronologically lists transactions and other events, expressed in terms of debits and credits. b. contains one record for each of the asset, liability, stockholders' equity, revenue, and expense accounts. c. lists all the increases and decreases in each account in one place. d. contains only adjusting entries.