The CAPM assumes that investors are single period planners who agree on a common input list from security analysis and seek mean variance optimal portfolios. The CAPM assumes that security markets are ideal in the sense that they are large and investors are price takers, there are no taxes or transaction costs, all risky assets are publicly traded, and investors can borrow and lend any amount at a fixed risk-free rate. a. True
b. False

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b