Answer:
<u>13.2%</u>
Explanation:
As per Capital Asset Pricing Model (CAPM), 
Expected Rate Of Return = 
wherein,  = Risk free rate of return on treasury bonds
 = Risk free rate of return on treasury bonds
                B= Beta , which represents the degree of sensitivity of security return to the market return.
                 = Return on market portfolio
 = Return on market portfolio
Thus, Expected rate of return of security X = 6 + 1.2(12 - 6)
                                                                         = 13.2%
CAPM model is used for calculating expected rate of return. As per the model, the investors expect a risk premium represented by excess of rate of return of market portfolio over risk free rate , in addition for the risk free rate of return. 
The risk premium serves as a compensation for investing in risky securities instead of risk free securities. 
 
        
             
        
        
        
Answer: e. repurchase shares
Explanation:
If the personal tax rates are lower than corporate tax rates then the company should engage in an activity that would put money into the pockets of shareholders such that they would take advantage of the lower personal tax rates. 
The best way to do that would be a share repurchase. The company would probably buy at above market rates which would give shareholders capital gain and they wouldn't have to pay much taxes on it as personal rates are lower. 
 
        
             
        
        
        
Answer:
The correct answer is: Demographic. 
Explanation:
To begin with, the term <em>''segmentation''</em> in the field of marketing, refers to the procedure of grouping the people into common groups according to their shared characteristics. Moreover, this procedure is done in order to make it easier for the company to understand to which market is the company addresing and who are they consumers. 
To continue, there are many segmentation approaches, however the one used according to the age of the audience is the <em>''demographic segmenation''</em>, that focuses in the consumers' demographic variables such as age, sex and gender, assuming that their similar profiles will exibit similar purchasing patterns. 
 
        
             
        
        
        
Answer:
(a) 2 and 9
(b) 5, 6 and 7
(c) 1, 4 and 8
(d) 3
Explanation:
(a) financial statement audits,
2. Determine whether an advertising agency’s financial statements are fairly presented in conformity with GAAP. ( independent (external) auditors  )
9. Report on the need for the states to consider reporting requirements for chemical use data. d governmental auditors Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex. ( independent (external) auditors )
(b) compliance audits,
5. Investigate financing terms of tax shelter partnerships. ( governmental auditors (IRS) )
6. Study a private aircraft manufacture’s test pilot performance in reporting on the results of text fights ( internal auditors )
7. Conduct periodic examinations by the U.S. Comptroller of Currency of a national bank for solvency. ( governmental auditors )
(c) economy and efficiency audits, and
1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors  )
4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private  business. ( internal auditors )
8. Evaluate the promptness of materials inspection in a manufacture’s receiving department. ( internal auditors )
(d) program results audits.
3. Study the effectiveness of the Department of Defense’s expendable launch vehicle program.  ( governmental auditors  )
 
        
                    
             
        
        
        
Answer:
15 years
Explanation:
If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.