Standard scores are raw scores that have been converted into an expression of the percentage of people who score at or below that score

Which of the following would cause a need to update a financial plan?

A. Graduation B. Changes in economic conditions C. Both of the above D. Neither of the above

Which of the following is typically considered to be the most appropriate proxy for the risk-free rate when applying the CAPM?

A) 10-year Treasury bonds B) 10-year AAA bonds C) the prime rate D) the firm's current yield to maturity on outstanding debt