1- If the interest rate is 5%. Which of the following cash-outflow should you prefer?

a.		Year1: $400 Year2: $300 Year3: $200 Year4: $100
b.		Year1: $100 Year2: $200 Year3: $300 Year4: $400
c.		Year1: $250 Year2: $250 Year3: $250 Year4: $250
d.		Any of the above, since they each sum to $1,000

33- Beta measures, in the Capital Asset Pricing Model (CAPM)?

	a.	Interest rate risk
	b.	Unsystematic risks
	c.	Market risks
	d.	None of the above