"Assume that the interest rate is 12.5% per year and you expect to receive the following stream of annual cash flows (The year 0 cash flow occurs today and the year 4 cash flow occurs exactly 4 years from today): (Year 0: $23,200); (Year 1: $23,000); (Year 2: $14,000); (Year 3: $8,350); (Year 4: $8,450); What is the current Present Value (PV0) of the stream of cash flows?"

		"$58,530 "
		"$63,010 "
		"$67,163 "
		"$66,310 "
		"$65,846 "
		"$77,000 "

"Which of the following is the asset pricing theory based on beta, a measure of market risk?"

		capital asset pricing model
		constant growth model
		behavioral asset pricing model
		efficient markets asset pricing model
		unbiased expectations theory
		liquidity theory