We do bankruptcies is a law firm that specializes in providing advice to firms in financial distress. it prospers in recessions when other firms are struggling. consequently, its beta is negative, −0.2. a. if the interest rate on treasury bills is 4% and the expected return on the market portfolio is 14%, what is the expected return on the shares of the law firm according to the capm? (enter your answer as a whole percent.) b. suppose you invested 90% of your wealth in the market portfolio and the remainder of your wealth in the shares in the law firm. what would be the beta of your portfolio? (do not round intermediate calculations. round your answer to 2 decimal places.)

a) Expected return on the law firm =2%

b) Beta of the 2 asset portfolio = 0.88

Explanation:

a) According to CAPM, expected return =

where: rf is the risk free rate of return = treasury bill rate

             b = beta of the stock

            rm = expected return on the market portfolio

Expected return on the law firm = =2%

b)Beta of a 2 asset portfolio =

where:

wA = portfolio weight of the first asset  = weight of the market portfolio = 0.9

wB = the portfolio weight of the second asset

=  0.1

 bA=beta of the first asset = beta of the market portfolio = 1

bB=beta of the second asset = -0.2

Beta of the 2 asset portfolio = =0.88

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.