Suppose that 16 risky assets have been identified whose rates of return satisfy ri=±α+f+ϵi where α>0. Note that 8 of the risky assets use the + sign in front of α in the equation, while the other 8 use the − sign. The factor f is common to all 16 risky assets. The factor f has a mean of 10 and standard deviation equal to 3–√. Each ϵi represents a specific error, in the sense that each has zero mean, zero covariance with f, and zero covariance with the other risky assets. Each ϵi has a standard deviation equal to 4. Now assume that a portfolio consists of all of these stocks, with equal weight given to each one of them. What is the expected rate of return of the portfolio?

Emil motycka is considered an entrepreneur because

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

If joe to go decides to produce its coffee beans domestically and sell them in india through a local retailer, this would be an example of