Use the Table for the Question(s)below

question 111

Multiple Choice

Use the table for the question(s) below.
Consider the following covariances between securities:
-The variance on a portfolio that is made up of equal investments in Duke Energy and Microsoft stock is closest to:

• A).065.
• B)0.090.
• C).149.
• D)-0.020.

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Definitions:

Departmental Overhead Rate

A rate used to allocate overhead costs to specific departments, based on criteria such as department size or usage of overhead resources.

Machine Hours

A measure of the total operating time of machinery within a certain period.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on their respective shares of direct costs or activity drivers.

Assembly Rate

The speed or rate at which a product is assembled, which can affect production efficiency and output.