1. You own a stock portfolio invested 40 percent in Stock Q, 30 percent in Stock R, 20 percent in Stock S, and 10 percent in Stock T. The betas for these four stocks are .87, 1.20, 1.04, and 1.22, respectively. What is the portfolio beta?
2. What is the present value of a 15-year ordinary annuity with annual payments of $18,000, if the discount rate is 7.0 percent? Round it to two decimal places, and do not include the $ sign or comma, e.g., 123456.45.
3. Assess the benefits of two types of development activities that would affect employee performance within a management training program.