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You have a portfolio consisting of two stocks only. The correlation coefficient between the two stocks is p. Which of the following scenarios reduces the portfolio risk most? 1) When p=+1 2) When p=0 3) When p=-0.5 4) When p=-1 NextAudio is considering whether to continue an investment project. Which of the following factors shouldn't be considered? 1) The company had already spent $3 million last year. 2) The continuation will affect the cash flows from other operations. 3) The company will be able to lease project site (land) for $2 million. 4) All of the above. Boise Corporation reported ROA of 4%, ROE of 6%, and Sales/Total assets ratio of 2.0 last year. What is the Boise's debt ratio? 1) 67% 2) 33% 3) 47% 4) 13% Which of the following statements reflects the limitations of ratio analysis? O 1) "Window dressing techniques can make statements and ratios look better. 2) Different operating and accounting practices can distort comparisons. 3) Sometimes it is hard to tell if a ratio is "good" or "bad", i.e. debt ratio. 4) All of the above