1.)

A stock had returns of 11 percent, 23 percent, and 5 percent for the past 3 years. Based on these returns, what is the probability that this stock will earn at least 40.51 percent in any one given year?

	2.5 percent
	1.0 percent
	5.0 percent
	16.0 percent
	0.5 percent

2.)

The expected return on HiLo stock is 14.80 percent while the expected return on the market is 13.8 percent. The beta of HiLo is 1.27. What is the risk-free rate of return?

	11.37 percent
	2.34 percent
	10.10 percent
	5.05 percent
	1.00 percent