According to the text, little has been written about financial risk in sport. Perhaps this is due to the feeling that the sport business is _____.

		recession vulnerable
		recession proof
		business cycle sensitive
		diverse in size
		None of the above

Which of the following statement is NOT true regarding a call premium on a bond?

		Call premium is a fee assessed when the borrower pays off the principal prior to the maturity date.
		If the call occurs during the first year, the premium is equal to one years interest payments, and it increases each year thereafter.
		The typical formula for the call premium is (Interest payment) x (N t)/N where N is the full number of years of maturity and t is the number of years since the issue date.
		Typically, a borrower will pay a higher coupon interest rate for bonds with a call provision because of the added flexibility.
		None of the above

The common stock of Andys Sporting Goods sells for $100.00 a share (P₀ = $100.00). The company recently paid their annual dividend of $2.00 per share (D₀ = $2.00) and expects to increase this dividend by 4 percent annually (g =4.0%). What is the required rate of return on this stock?

		2.08%
		4.00%
		6.00%
		6.08%

Which of the following provides equal allocations to all teams in the league?

		MLB
		NFL
		NBA
		EPL
		None of the above.