13.) Company A Company B # of Day Price Shares Price # of Shares $8.00 900 $12.00 3,600 2 $8.54 900 $13.56 3,600 The Tiny stock market has two companies listed on the exchange. Data for the two shares is given the table. The Tiny Market index (TMI) is value-weighted. You already own one share of Company A. How many shares of Company B do you need to buy so that the return on your portfolio matches the index? -1 -2 -3 -4 Q.18) Which of the following is a correct statement about changes in the default risk premium (DRP) over time? - the DRP moved with changes in monetary policy - the DRP varies with the business cycle: falling in recessions and rising in expansions - the DRP is steady at about 200 basis points - the DRP varies with the business cycle: rising in recessions and falling in expansions no 14.) Tootsie Roll Inc.'s Series A preferred shares pay an annual dividend of 3% on a $100 par value. The Series A shares never mature. The next dividend is due tomorrow (You will receive that dividend if you buy the share immediately.) Preferred shareholders require a return of 4%. What is the fair price for the shares now? Round your answer to two (2) decimal places. -72.12 no