Consider the following information on potential scenarios regarding three stocks: State of Economy Probability Rate of Return if State Occurs Stock A Stock B Stock C Boom 0.45 0.42 0.35 0.65 Normal 0.50 0.31 0.18 0.04 Bust 0.05 0.17 -0.17 -0.64 A portfolio is invested 35% each in Stock A and Stock B and 30% in Stock C. What is the expected risk premium on the portfolio if the expected T-bill rate is 3.3%

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%