QUESTION 10 Which of the following is the? CAPM says that investors should only be compensated for systematisk Systematic risk is a diversifiable rik Beta measures the variability of returns of a stock around the mean return Standard deviation measures un tematici QUESTION 11 V Stephen is scheduled to receive annual payments of $4.500 for each of the next 10 years. The discount rate is 5 percent. What is the difference in the present value of these payments are paid at the beginning of each year rather than at the end of each year? 51,837.45 $2.830.03 $1,737.39 52,170,39 QUESTION 12 You just paid $550,000 for an annuity that will pay you and your heirs 510,000 a year forever. What rate of return are you earning on this polity! 1.829 5.125 03.125 2.82%