U.S. Treasury bills, bankers' acceptances and commercial paper are all sold on a discount basis

All of Fake Stone's costs and net working capital vary directly with sales. Sales are projected to increase by 3.5 percent. What is the pro forma accounts receivable balance for next year?

A. $1,659.80 B. $1,661.84 C. $1,780.20 D. $1,787.80 E. $1,800.46

The standard deviation of a portfolio:

A. is a measure of that portfolio's systematic risk. B. is a weighed average of the standard deviations of the individual securities held in that portfolio. C. measures the amount of diversifiable risk inherent in the portfolio. D. serves as the basis for computing the appropriate risk premium for that portfolio. E. can be less than the weighted average of the standard deviations of the individual securities held in that portfolio.