Use the Table for the Question(s)below

question 63

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 a $6000 investments in Duke Energy and a $4000 investment in Wal-Mart stock is closest to:

• A).050
• B).045
• C).051
• D)-0.020

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Definitions:

Layaway Plan

A purchasing agreement that allows a buyer to pay for goods in installments and receive the goods upon full payment.

APR

APR, or Annual Percentage Rate, represents the yearly interest rate charged on borrowed money, encompassing both the nominal rate and additional costs associated with the loan.

APR

Annual Percentage Rate, which measures the cost of credit, including interest and any other charges, expressed as a yearly interest rate.

Interest

The cost of borrowing money, typically expressed as a percentage, charged by lenders to borrowers.