The excess return is computed as the: Multiple Choice return on a security minus the inflation rate. risk-free rate plus the inflation rate. risk premium on a risky security minus the risk-free rate. risk-free rate minus the inflation rate. return on a risky security minus the risk-free rate.

Identify which of the twelve basic functions listed below fit the description given.

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Rats that received electric shocks were unlikely to develop ulcers if the