Required:

What must be the beta of a portfolio with $E(r_P)=18\mathrm{.}00\%,$ if $r_f=4\%$ and $E(r_M)=11\%?($Round your answer to $2$ decimal places.$)$

Beta of portfolio

Required:

A bond with a coupon rate of $7\%$ makes semiannual coupon payments on January $15$ and July $15$ of each year. The Wall Street Journal reports the ask price for the bond on January $30$ at $100\mathrm{.}1875.$ What is the invoice price of the bond? The coupon period has $182$ days. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

$\backslash$table$[[$Invoice price,$$,1\mathrm{.}93]]$