Question 11 (1 point) You are interested in investing your money in a bank account. Which of the following banks provides you with the highest effective rate of interest? 1) Bank 1; 8.00% with monthly compounding. 2) Bank 2: 8.00% with daily compounding. 3) Bank 3; 8.05% with quarterly compounding. 4) Bank 4; 8.20% with annual compounding. Question 12 (1 point) Your fund invests evenly in 10 stocks. You want to sell one stock with a beta of 1.0 and usb the money to buy another stock with a beta of 1.5. If the original portfolio has a beta of 1.15, what will be the beta for your new portfolio? 1) 1.35 O2) 1.20 3) 1.15