Disregarding risk, if money has time value, the present value of a given sum:

	will be less than its future value
	will be greater than its future value
	may be less than or greater than its future value

The present value (future value) of an uneven cash flow stream is the sum of the present values (future values) of each of the individual cash flows.

	False
	True
	False

If the risk-free rate is 8.0%, the expected return on the market is 14.0%, and the expected return on Security J is 16.8%, what is the beta for Security J?

	1.47
	0.63
	1.79
	0.56
	1.11