A T-bill quote sheet has 180-day T-bill quotes with a 5.82 bid and a 5.76 ask. If the bill has a $10,000 face value, an investor could sell this bill for _______ to a dealer.

A. $10,000.00 B. $9,709.00 C. $9,777.50 D. $9,780.

What is the 5% VaR of a portfolio with normally distributed returns? Assume the portfolio has an expected return of 10% and standard deviation of 25%.

A. 24.3% B. -24.3% C. 31.1% D. -31.1%

If an investor does not diversify his portfolio and instead puts all of his money in one stock, the appropriate measure of security risk for that investor is the ________.

A. stock's standard deviation B. variance of the market C. stock's beta D. covariance with the market index

You analyze a firm's financial statements and invest based upon the results of this analysis. Which form of market efficiency must exist if you are able to earn excess profits on these investments?

A. strong B. semistrong C. weak D. perfect