Exhibit 66
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 12

Multiple Choice

Exhibit 6.6
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) $$\begin{array} { c c c c c } \text { Stock } & \mathbf { R } _ { \text {it } } & \mathbf { R } _ { \text {mt } } & \mathbf { a } _ { \mathbf { i } } & \text { Beta } \\\hline \mathrm { A } & 9.7 & 10.0 & 0 & 0.7 \\\mathrm {~B} & 10.4 & 8.0 & 0 & 1.4\end{array}$$ R_it = return for stock i during period t
R_mt = return for the aggregate market during period t
-Refer to Exhibit 6.6. Stock X had an actual return of 14% and Stock X's normal return based on the market's return for the same period was 13.6%. What is Stock X's abnormal rate of return?

• A)-0.4%
• B)0.1%
• C)0.4%
• D)4.0%
• E)6.4%

Analyze the effect of significant influence and control in determining related party relationships.

Identify exemptions pertaining to related party disclosures under specific conditions.

Interpret the requirements for disclosing transactions with government-related entities.

Understand utility functions and how they guide investor choices among assets with varying expected returns and risks.

---

Definitions:

Rough Endoplasmic Reticulum

A network of tubular membranes within the cytoplasm of the cell studded with ribosomes involved in the synthesis of proteins.

Enteric Nervous System

Known as the "second brain," this extensive mesh-like system of neurons controls the function of the gastrointestinal system.

Digestive Tract

The series of hollow organs joined in a long, twisting tube from the mouth to the anus, where digestion of food occurs.

Presynaptic Terminals

The ends of axons where neurotransmitters are stored before being released across the synaptic cleft to transmit nerve impulses.