The bond has a coupon rate of 6.77 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean price of $1,043 and the par value is $1,000. What is the invoice price?

$1,048.64

$1,009.15

$1,076.85

$1,014.79

$1,037.36

You decide to invest in a portfolio consisting of 11 percent Stock X, 53 percent Stock Y, and the remainder in Stock Z. Based on the following information, what is the standard deviation of your portfolio?

State of Economy	Probability of State			Return if State Occurs
	of Economy
				Stock X			Stock Y			Stock Z
Normal		.76			10.70%			4.10%			13.10%
Boom		.24			18.00%			26.00%			17.50%

2.68%

3.57%

7.47%

5.98%

8.72%