Please show how you got the answers:

What is the approximate 3-year average of the total return for a stock with the following year-end prices: $20, $25, $35 and $32?

Select one:

a. 15.0%

b. 18.8%

c. 20.0%

d. 60.0%

An investor who is highly risk-tolerant will have an indifference curve that

Select one:

a. is relatively steep

b. has a steep, negative slope

c. has a slight, positive slope

d. slopes downward

All of the following statements describe the significance of the Capital Market Line (CML) in the CAPM except:

Select one:

a. the vertical intercept represents the market rate of return

b. it represents the efficient set

c. all investors will hold a portfolio lying on the CML

d. an investor's portfolio will be composed of the market portfolio combined with risk free borrowing or investing

An investor is able to reap abnormally high profits by analyzing a companys most recent 52-week high and low stock prices. What form of market efficiency does this statement indicate?

Select one:

a. Not even weakly efficient

b. Weak-form efficiency

c. Semi-strong efficiency

d. Strong form efficiency

Which of the following is true regarding the January effect?

Select one:

a. The first few trading days of January display an abnormally positive return on average.

b. The January effect is largely driven by the small-cap effect.

c. On average, the month of January tends to be the worst-performing month.

d. Both a. and b. above are true.