In a market that is orders are filled quickly and accurately. unregulated informationally efficient inefficient operationally efficient Which of the following statements is FALSE? For a shareholder, dividends received are taxed. Many companies distribute part of their earnings to shareholders through cash dividends. Dividends paid to shareholders are not a tax deductible expense for the company. Coupon payments on bonds are not a tax deductible expense for the company. Given annual returns of 10%, 20%, -8% and -12%, what is the geometric average? 6.0% 1.674% 4.45% 5.38% 2.5% Mike owns a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.20 and the total portfolio is twice as risky as the market, what must the beta be for the other stock in the portfolio? 2.00 3.50 1.80 1.00 4.80 The goal of diversification is to eliminate firm-specific risk. systematic risk. market risk. total risk