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Question 22 pts A stock provides an (expected) return of 16%. The risk free rate

ID: 2760551 • Letter: Q

Question

Question 22 pts

A stock provides an (expected) return of 16%. The risk free rate (e.g., T-Bill rate) is 3%. What is the risk premium for the stock?

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Question 31 pts

Why do stock market investors appear not to be concerned with unique (firm specific) risks when calculating expected rates of return?

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Question 41 pts

The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio for which of the following reasons?

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Question 52 pts

Based on the corporate tax table below, what is the average tax rate for a firm with $120,000 taxable income?

Taxable Income          Marginal Tax Rates

$0 - 50,000                              15%

50,001 - 75,000                       25%

75,001 - 100,000                     34%

100,001 - 335,000                   39%

335,001 - 10,000,000             34%

10,000,001 - 15,000,000         35%

15,000,001 - 18,333,333         38%

18,333,334 +                           35%

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Question 61 pts

When is it appropriate to include sunk costs in the evaluation of a project?

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Question 71 pts

A firm has a piece of land that was unused, but plans to build a new office complex on it in a new capital project. The market value of the land should be considered as a component of project cash flows provided that the land:

3%

Explanation / Answer

As per Chegg guidelines we answer one question per post but I have answered more than 1 Question Q22 Statement showing computations Particulars Amount Return on Stock 16% Risk Free Rate 3% risk premium for the stock = 16% - 3% 13% Q31 Unique risks can be eliminated through diversification. Q41 Individual stocks have no diversification of risk. Q61 It is never appropriate to include sunk costs.

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