1. Assume the total expense for your current year in college equals $24,000. How much would you parents have needed to invest 21 years ago in an account paying 8% compounded annually to cover this amount? $4,767.74 b. $2,952.46 $1,728.08 d. $3,973.11 a. C. 2. If a stock consistently goes down (up) by 1.3% when the market portfolio goes down (up) by 1.2%, then its beta equals: a. 0.75 b. 1.33 C. 0.40 d. 1.08