A stock has a price of $42.63 and pays no dividend. The historical standard deviation of the stock is 18% and the expected return on the stock is 11%. At the 95% confidence level, what is the Tail VaR over the next 270 days?

Assuming no beginning inventory, what can be said about the trend of inventory prices if cost of goods sold computed when inventory is valued using the FIFO method exceeds cost of goods sold when inventory is valued using the LIFO method?

a. Prices decreased. b. Prices remained unchanged. c. Prices increased. d. Price trend cannot be determined from information given.

Explain the term "natural monopoly."

What will be an ideal response?