Question 21 An investment has returned 12%, 4%, -8%, 2%, and 20% in each of the last five years. If we decide to use historical returns as a proxy for expected future retums, what is the expected rate of retum? Not yet answered O a.4% Marked out of 5.00 O b.3% P Flag question O c.5% O d. 6% The expected market return is 8% and the risk-free rate is 3%. If the expected retum of stock XYZ is 10%, what is its beta? Question 22 Not yet answered O a. 1.4 Marked out of 5.00 O b.2 Flag question O c. 1.25 O d. 1.75 Question 23 What is the price of a bond with 5 years to maturity, a par value of $1000, coupon rate of 8% and yields 10%? Coupons are paid quarterly. Not yet answered O a. $924.18 Marked out of 5.00 O b. $926.54 P Flag question O c. $922.78 O d. $922.05 Question 24 What is the maturity of a 7% annual coupon bond with a quoted price of 105 and a YTM of 6.42%? Not yet answered O a. 7 years Marked out of 5.00 O b. 13 years Flag question O c. 16 years O d. 10 years