9. Financial instruments are classified as: * (1 punkt) Paper promises Intellectual property Tangible assets Intangible assets 10. Yield to maturity for a 10 year government bond is 2%, but the bank interest is 3% for one year. In the same period the average market return was 10% and beta for Tesla was 1,5. Calculate the expected return for Tesla investors and choose the correct answer, if Teslas' share delivers 12% return at the moment. * (1 punkt) Expected return for Tesla is 14,00%, thus the share is overvalued Expected return for Tesla is 13,5%, thus the share is undervalued O Expected return for Tesla is 13,5%, thus the share is overvalued Tesla is listed on the biggest capital market, thus it is always priced correctly Expected return for Tesla is 14,00%, thus the share is undervalued