20.

If the volatility of returns on AAPL and GE are 30% and 40% respectively, compute portfolio standard deviation with a weight of 40% in AAPL the balance in GE if the correl between these stocks is 0 . a. 24.6% b. 26.8% c. 25.3% d. 22.9% YOur income statement shows sales of $1,000,000, cost of goods sold as $500,000, depreciation expense of $100,000 and a tax rate of 40%. What are the free cash flows generated this period assuming no other costs or capital expenses? a. $340,000 b. $380,000 c. $400,000