Hopefully this time I could get some right answers

You are going to invest $20,000 in a portfolio consisting of assets X, Y, and Z, as follows:

Asset Name	Annual Asset Return	Probability	Beta	Proportion
X	10%	.50	1.2	.333
Y	8%	.25	1.6	.333
Z	16%	.25	2.0	.333

17) Given the information in Table 5.2, what is the expected annual return of this portfolio?

A) 10.0% B) 11.7% C) 11.0% D) 11.4%

18) The beta of the portfolio in Table 5.2, containing assets X, Y, and Z, is

A) 1.6. B) 2.4. C) 1.5. D) 2.0.

19) If the required return is greater than the coupon rate, a bond will sell at

A) book value. B) a premium. C) a discount. D) par.

20) A firm has an issue of $1,000 par value bonds with a 10 percent stated interest rate outstanding. The

issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk

are currently earning 8 percent, the firm's bond will sell for ________ today.

A) $851.50 B) $1,134.20 C) $805.20 D) $1,268.20

21) A firm has an issue of $1,000 par value bonds with a 9 percent stated interest rate outstanding. The

issue pays interest annually and has 20 years remaining to its maturity date. If bonds of similar risk

are currently earning 11 percent, the firm's bond will sell for ________ today.

A) $840.67 B) $1,123.33 C) $1,000 D) $716.67

22) A firm has an expected dividend next year of $1.20 per share, a zero growth rate of dividends, and

a required return of 10 percent. The value of a share of the firm's common stock is ________.

A) $100 B) $10 C) $12 D) $120

23) A firm has experienced a constant annual rate of dividend growth of 9 percent on its common stock

and expects the dividend per share in the coming year to be $2.70. The firm can earn 12 percent on

similar risk involvements. The value of the firm's common stock is ________.

A) $9/share B) $90/share C) $22.50/share D) $30/share