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11. Which of the following topics are Fisher Black and Myron Scholes famously known for? (Circle your answer, 2.5 points) a. Portfolio diversification b. Agency

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11. Which of the following topics are Fisher Black and Myron Scholes famously known for? (Circle your answer, 2.5 points) a. Portfolio diversification b. Agency cost theory c. Cost of capital d. Option pricing 12. A firm has an above average Return on Assets compared to its industry average but a below average Return on Equity compared to its industry average, Given this situation, which of the following is correct. (Circle your answer, 2.5 points) a. its debt is too low b. its profit margin on sales is too low c. its operating costs are too high d. its total asset turnover is too low 13. Place the following - Wall Street Journal, Dow-Jones Industrial Average, New York Stock Exchange, Chicago Board of Trade -in the proper chronological order starting with the oldest by choosing from the orders listed below. (Circle your answer, 2.5 points) Jones Industrial Average Jones Industrial Average York Stock Exchange a. New York Stock Exchange, Wall Street Journal, Chicago Board of Trade, Dow- b. New York Stock Exchange, Chicago Board of Trade, Wall Street Journal, Dow- c. Chicago Board of Trade, Wall Street Journal, Dow-Jones Industrial Average, N d. Wall Street Journal, New York Stock Exchange, Dow-Jones Industrial Average, ew a1 Chicago Board of Trade 00r

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