Please show all work.

1. Beta is an accepted measure of systematic risk. From the perspective of the investment analyst, discuss the uses and limitations of Beta and how it is applied as a tool for risk measurement.

2. Solve: You have 2 ETF holdings, ETF Alpha which is 30% of your holdings and generated an 11.5% return with a Beta of 1.2 and ETF Theta making up 70% of your holdings generated a YoY return of 8.9% with a Beta of 0.90. What is the weighted Beta and return of the two ETF portfolios?

3. The firm's capital structure represents a strategic decision concerning the firm's allocation mix of bond (debt) financing and stock (equity) financing. The purpose of the capital structure decision is to maximize share price and, therefore, shareholder wealth. Choose a hypothetical capital structure. Discuss and explain the economic justification of your chosen of capital structure. How does your chosen capital structure affect the firm's cash flow, taxation expenses, and balance sheet?

4. What is a stock dividend and what does the dividend represent? From an investor's perspective, what does a firm's dividend-paying history suggest about the firm's management, industry position, and stock price history?How do firms formulate their dividend policy (payout ratio). What economic factors are considered in their decision-making process?

5. You need to use options to hedge an S&P 500 Index ETF holding of $120,000. You need to hedge for 6 months due to volatility. The Put Index option at the money can be purchased for a premium of $4.00. The S&P 500 index is currently at 2,900 and there are 100 shares per index option contract and CBOE traded options Strike price are at 1/10th index value and use a multiplier of 10. How many contracts gets the closest to full index coverage for $120,000 and how much in premium will it cost for the Put options?