13. The beta of the market portfolio is- C, 0 O D. 1 ID: 12.3-15 14. An annuity is set up that wll pay $1.500 per year for eight years. What is the present value (Pv) of this annuity given that the discount rate is 6%? O A. $9,315 B. $11,178 O C. $5,589 O D. $13,041 ID: 4.3-2 15. Stocks tend to move together if they are affected by O A. idiosyncratic shocks O B. common economic events C. events unrelated to the economy O D. company specific events ID: 12.2-1:3 16. When comparing two projects with different lives, why do you compute an annuity with an equivalent present value (PV) to the net present value (NPV)? O A. to ensure that cash flows from the project with a longer life that occur after the project with O B. to reduce the danger that changes in the estimate ofthe discount rate will lead to choosing O c. so that you can see which project has the greatest net present value (NPV) the shorter life has ended are considered the project with a shorter timeframe so that the projects can be compared on their cost or value created per year D. ID: 8.5-3