Referring to the facts set out in Question 73, Mitch has pumped water across Wayne's property for nearly a decade. One day Mitch informs Wayne that farming has been slow for the last few years and that he, Mitch, intends to convert his farm into a fish camp and to do so he will flood his fields using the water Wayne has permitted him to use to achieve his purpose. Wayne is concerned and would like to halt Mitch's project. What is Wayne's most effective argument?a) promissory estoppelb) breach of contractc) Exceeding the scope of the easmentd) Common enemy rulee) Common law

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.