a. The SPDR S&P 500 trust is an exchange-traded fund which trades under the symbol SPY. It is designed to track the S&P 500 stock market index. What should be the beta for SPY?

1.0
		-1.0
		0
		unknown

b. Which one of these is a specific risk?

Revision to the corporate tax laws.
		Inflation increase of 2.3%.
		Deterioration in the overall economic outlook.
		A fire at the company's main factory.

c. What is the beta of a U.S. Treasury bill?

1.0

-1.0

0

unknown

d. What is the expected return on a stock that will decline in value by 13% in a recession, will increase by 16% in normal times, and will increase by 23% during boom times? Each scenario has an equal likelihood of occurrence.

8.67%
		13.00%
		13.43%
		17.33%

please answer all parts