Ayoung stockbroker, alex, was rather overwhelmed by a flood of new clients. michael, one of his clients, had purchased xyz corp. stock through the alex at a price of $35 per share. the price had gone down to $29 by the time michael telephoned his broker. michael told the alex that he wanted to sell the stock if it went below $30 and inquired as to the price. alex did not check the price, thinking it could not have fallen below the $30 threshold. he simply reassured micahel that it was still "in the low 30s." martha, michael's cousin, also had purchased xyz stock at $35 per share and made a similar call to the broker and received the same response. martha, however, coincidentally saw the price on a stock ticker tape when she hung up and realized the broker had made an error. both michael and martha held the stock and did not sell. later that same day, the stock price fell an additional $7 per share. facing sizable losses, both michael and martha decided to sue for fraud when martha told michael of the broker's misstatement. discuss the probable outcome of the lawsuits.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries