How Many Ways Can a Student Select Five Questions from an Exam

question 20

Multiple Choice

How many ways can a student select five questions from an exam containing 12 questions, if one of the five must be the last question?

• A) 7920
• B) 40,320
• C) 330
• D) 95,040

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Definitions:

Factor Betas

Measures of a security's sensitivity to various risk factors, indicating how much the security's returns are expected to change with those factors.

Multifactor APT

A model that describes the expected return on a security based on its exposure to multiple risk factors and the risk premia associated with those factors.

Macro Factors

Macro Factors are large-scale, national, or international elements or forces that affect the economy or the financial markets, such as inflation, unemployment, and fiscal policy.

Risk Premium

The additional return expected by an investor for taking on a higher risk compared to a risk-free investment.