1. The risk-free return is 3.2% and the market risk premium is 13.2%. What is the expected return for the following portfolio? (State your answer in percent with two decimal places.) Stock Beta Investment AAA 3.1 $700,000 BBB 2.3 $1,000,000 CCC 1.9 $1,700,000 DDD 0.8 $1,000,000

	25.50%
	28.70%
	22.52%
	19.32%
	19.32%

2. What will $218,000 grow to be in 15 years if it is invested today in an account with an annual interest rate of 11%?

	$1,043,040.51
	$834,432.41
	$1,387,243.88
	$1,180,721.86
	$1,731,447.24

3. What will $133,000 grow to be in 12 years if it is invested today in an account with a quoted annual interest rate of 10% with daily compounding of interest?

	$441,502.98
	$417,410.97
	$538,633.64
	$381,179.70
	$632,232.27