The following transactions are examples of a capital loss except

_____

1. A stock originally purchased for $20 is sold for $15, but is repurchased 21 days later
2. A stock originally purchased for $20 is sold for $15, and is not repurchased
3. Common shares acquired through the purchase of a warrant for $40 and that of $20 are sold for $50
4. All of the above

The average annual return on the S&P/TSX Index from 1960 to 2018 was 9.3%. Assuming these returns follow the bell-shape of the normal distribution, what is the probability of earning 9.3% or more for any one year holding period?

_____

A) 33%

B) 67%

C) 50%

D) Undetermined

Both Assets X and Y have the same return standard deviation of 20%. Their returns have zero correlation. What is the minimum attainable return variance for a portfolio of X and Y?

_____

1. 0.02
2. 0.20
3. 0.10
4. 0