11. Assume that you have $215,000 in a stock that is returning 9.50%, $75,000 invested in a stock that is returning 15%, and $100,000 invested in a stock that is returning 6.25%. What is the expected return of your portfolio? 15.6% b. 12.9% c. 18.3% d. 9.7% 12. Use the following information to calculate Under Armour's accounting net income for the year: Credit Sales Cash Sales Operating Expenses on Credit Cash Operating Expenses Accounts Receivable (Beg. Of Year) Accounts Receivable (End of Year) Accounts Payable (Beg. Of Year) Accounts Payable (End of Year) Corporate Tax rate $600,000 700,000 600,000 400,000 20,000 40,000 50,000 25,000 30% a) $120,000 b) $90,000 c) $210,000 d) $300,000 13. You just graduated from UB and landed your first job in your new career. You remember that your favorite finance professor told you to begin the painless job of saving for retirement as soon as possible, so you decided to put away $3,000 at the end of each year in a Roth IRA. Your expected annual rate of retum on the IRA is 7%. How much will you accumulate at retirement after 40 years of investing (Note: this may assume that you are retiring early)? a) $598,890 b) $447,921 c) $1,088,632 d) $590,104 14. What is the value of a bond that matures in 10 years, makes an annual coupon payment of $40, and has a par value of $1.000; assume a required rate of return of 10%, and round your answer to the nearest $10? a) $410 b) $490 c) $600 d) $630