Assuming semiannual compounding, a 15-year zero coupon bond with a par value of $1,000 and a required return of 12.2% would be priced at __________.

A pension fund has an average duration of its liabilities equal to 15 years. The fund is looking at 6-year maturity zero-coupon bonds and 5% yield perpetuities to immunize its interest rate risk. How much of its portfolio should it allocate to the zero-coupon bonds to immunize if there are no other assets funding the plan?

Who is credited with discovering Louisiana?  What is the name of the first Spanish settlement in Florida?  What is the name of the English explorer who sailed up Hudson River under contract with the Dutch East India Company?  What was the purchase price of the Louisiana Purchase?  How did the War of the Jenkins Ear start?   

A stock has a correlation with the market of 0.58. The standard deviation of the market is 28%, and the standard deviation of the stock is 36%. What is the stock’s beta?

A firm has a stock price of $54.00 per share. The firm’s earnings are $75 million, and the firm has 25 million shares outstanding. The firm has an ROE of 14% and a plowback of 65%. What is the firm’s PEG ratio?

An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 14% and a standard deviation of return of 38%. Stock B has an expected return of 12% and a standard deviation of return of 23%. The correlation coefficient between the returns of A and B is 0.5. The risk-free rate of return is 5%. The proportion of the optimal risky portfolio that should be invested in stock B is approximately __________.

You consider buying a share of stock at a price of $14. The stock is expected to pay a dividend of $1.34 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $17. The stock’s beta is 1.8, rf is 11%, and E = 21%. What is the stock’s abnormal return?

You purchased a share of stock for $39. One year later you received $2.65 as dividend and sold the share for $38. Your holding-period return was __________.

The standard deviation of return on investment A is 30%, while the standard deviation of return on investment B is 25%. If the covariance of returns on A and B is 0.007, the correlation coefficient between the returns on A and B is __________.

The excess return is the __________.