In his concurring opinion in the Youngstown case, Justice Jackson argued that the president’s power is at its highest when he acts in opposition to what Congress wants.

A Super Pac may contribute an unlimited amount of money to a candidate for office.

President Bush’s declaration in 2005 that he would waive the ban on torturing detainees if it interfered with the “war” on terror was done via

Three times a day is abbreviated as _____.

What is the meaning of the word root myel/o?

You choose to construct a portfolio from the Stock A, Stock B, and the risk-free investment. You make the following estimates of the three: Estimates of Alpha, Beta, and Firm-Specific Risk   Alpha Beta Firm-Specific Std Dev Stock A 1.00% 1.25 60.00% Stock B 0.75% 0.80 40.00% Risk-Free Investment 0.00% 0.00 0.00% You invest 45% of your portfolio in Stock A, 45% in Stock B, and the remaining 10% in the risk-free investment. What is your portfolio’s firm-specific risk (standard deviation)?  

You are using the Treynor-Black method to build an optimal risky portfolio. The entire universe of mispriced securities is Stocks A, B, and C. You estimate the following input list for the three: Input List of Investable Universe   Stock A Stock B Stock C Alpha 2.0% 0.7% -0.9% Firm-Specific Risk 40% 60% 90% Beta 1.6 0.5 1.4 What is the initial position in the active portfolio for Stock A?

You choose to construct a portfolio from the Stock A, Stock B, and the risk-free investment. You make the following estimates of the three: Estimates of Alpha, Beta, and Firm-Specific Risk   Alpha Beta Firm-Specific Std Dev Stock A 1.50% 1.20 70.00% Stock B 0.75% 1.50 65.00% Risk-Free Investment 0.00% 0.00 0.00% You invest 30% of your portfolio in Stock A, 30% in Stock B, and the remaining 40% in the risk-free investment. What is your portfolio’s alpha?  

You are using the Treynor-Black method to build an optimal risky portfolio. The entire universe of mispriced securities is Stocks A, B, and C. You estimate the following input list for the three: Input List of Investable Universe   Stock A Stock B Stock C Alpha 1.0% -0.5% 0.9% Firm-Specific Risk 60% 50% 40% Beta 1.3 1.5 0.8 What is the initial position in the active portfolio for Stock C?

The stock of a private company will pay each shareholder $0,000 each year in perpetuity. You believe their beta is . If the market risk premium is % and the risk-free rate is %, what is the value of the shareholder’s stock? Enter your answer as a number of dollars, rounded to the nearest dollar.