What is the federal income tax owed by Brian, an investor in the 35 percent income tax bracket assuming his tax rate on long-term capital gains is 15 percent. Assume also Brian has a capital gain of $3,700 and a capital loss of $5,100. He also received $300 in interest income from his time deposit in the same period. Rounding to the nearest dollar Brian's tax liability for the period (note that a negative number means a refund) is:

a. -$277

b. -$385

c. $105

d. -$630

The riskfree rate of return is 8 percent; the expected rate of return on the market is 12 percent. Stock X has a beta coefficient of 1.3, an earnings and dividendgrowth rate of 7 percent, and a current dividend of $2.40. If the stock is selling for $35, what should you do, that is, which of the following is correct:

		a. invest in the asset that is you should buy the asset
		b. sell the assest if you have it in your portfolio
		c. hold, whci is do not sell if you have it, or would not buy if you do not have it
		d. insufficient information is given in order to make a decision.