2) The holding-period return on a stock was 32%. Its beginning price was $25, and its cash dividend was $1.50. Its ending price must have been A) $33.20 B) $28.50 C) $31.50 D) $29.75 3) You have $500,000 available to invest. The risk-free rate, as well as your borrowing rate, is F 8%. The return on the risky portfolio is 16%. If you wish to earn a 22% return, you should A) invest $375,000 in the risk-free asset C) borrow $125,000 B) invest $125,000 in the risk-free asset D) horrow $375,000