You’ve observed the following returns on crash-n-burn computer’s stock over the past five years: 4 percent, –12 percent, 27 percent, 19 percent, and 16 percent. the average inflation rate over this period was 3.4 percent and the average t-bill rate was 4.55 percent. what was the average real return on the company's stock?

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration