QUESTION 23 Walmart as a Beta () of 1.2 and expected 5 year earnings of 14.2% annually (12.8% is average). Therefore, Walmart should be part of what type of stock portfolio a. High tech b. Primary debt market c. High risk d. Low risk QUESTION 24 No Profit, Inc. has a current ratio of 1.2x. The financial analyst rates this a 3 on a 10-point scale, since it is much less than 2 (in standard rule of thumb). This is an example of: a Trend analysis b. Benchmarking c. Comparing industry averages d. Irrationality QUESTION 25 A company borrows $100,000 from a bank; this is part of the a. Primary debt market b. Secondary equity parket c. Secondary debt market d. Primary equity market QUESTION 26 The primary mission of the SEC is to: a. Protect investors and maintain the integrity of the securities markets b. Regulate the banking community and determine short-term interest rates c. Provide auditing services to corporations d. Provide all federal and state regulations of business