On January 1, Kirk Corporation had total assets of $860,000. During the month, the following activities occurred: -. Kirk Corporation acquired equipment costing $7,000, promising to pay cash for it in 60 days. -. Kirk Corporation purchased $3,600 of supplies for cash. -. Kirk Corporation sold land which it had acquired 2 years ago. The land had cost $16,000 and it was sold for $16,000 cash. -. Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,100 per month. What is the amount of total assets of Kirk Corporation at the end of the month?

Monthly price data for mdltx and ekwax from yahoo finance is contained in the excel spreadsheet for this exercise. there are 37 months of price data for the period from september 2009 to september 2012. (note: these prices already incorporate dividend payments.) the 36 monthly returns for each fund are also provided. calculate average (arithmetic) monthly return and standard deviation for each fund. you can use the excel functions average, stdev to derive these stats. annualize these statistics. use the correl function in excel to derive the correlation coefficient between the two sets of returns. (annual correlation is the same as monthly correlation. hence, no need to annualize this stat.) using the annualized statistics derived in step 1, compute the expected return and standard deviation for portfolios containing from 0% to 100% mdltx (and 100% to 0% ekwax) by 10% increments. graph the resulting portfolios. based on your analysis, is there any potential benefit to diversification across these two funds? explain. of the 11 portfolios you graphed, which are efficient?