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16. If CAPM holds true, which type(s) of assets below should not be in the Market portfolio? (A) commercial buildings in Japan, (B) farmland in

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16. If CAPM holds true, which type(s) of assets below should not be in the Market portfolio? (A) commercial buildings in Japan, (B) farmland in Switzerland, (C) high-yield U.S. corporate bonds, (D) U.S. Treasuries, (E) Virginia coal mines, (F) NY lottery tickets. Answer: 17. Please rank the costs of capital of the following assets, from high to low: (A) S&P500,(B) U.S. Treasuries, (C) Investment-Grade Corp Bonds, (D) High-Yield Corp Bonds. Answer arch

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