1. Tenants in common is a way of
renting or leasing property
owning property
fee simple
none of the above
2. A mutual fund manager has a $40 million portfolio with a beta of 1.00. The risk-free rate is 4.25%, and the market risk premium is 6.00%. The manager expects to receive an additional $36.50 million which she plans to invest in additional stocks. After investing the additional funds, she wants the fund's required and expected return to be 13.00%. What must the average beta of the new stocks be to achieve the target required rate of return? Do not round your intermediate calculations.
a. 2.16
b. 1.47
c. 1.96
d. 2.45
e. 2.35
3. Winston, Nick, Jess and Schmidt rent their apartment. Their lease does not provide for any specific end date. They pay their rent once a month. What kind of tenancy is this?
A periodic tenancy
A holdover tenancy
A fixed term tenancy
None of the above