1. Internal risk factors include

a. financial leverage

b. political risk

c. industry competition

d. Supply-chain risk

2. The expected return on a particular asset as the sum of risk-free rate, beta-risk and stock-specific risk.

a. market beta

b. market risk premium

c. weighted average cost of capital

d. capital asset pricing model

3. External risk factors include

a. industry competition

b. financial leverage

c. management team

d. operating leverage

4. When using market multiples to estimate value, the choice of summary performance measure determines whether the output is company value or equity value

True or False