Suppose the momentum strategy (i. e., buy past winners and short past losers) yields impressive returns because it really represents compensation for some type of risk that investors are concerned about. in other words, the positive returns to the momentum strategy reflect that the strategy is "risky". under this scenario, would you expect the momentum strategy to still yield positive returns on average in the future? answer "yes" or "no".

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is:

Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.