The $10.00 million mutual fund henry manages has a beta of 1.05 and a 9.50% required return. the risk-free rate is 4.20%. henry now receives another $5.00 million, which he invests in stocks with an average beta of 0.65. what is the required rate of return on the new portfolio? (hint: you must first find the market risk premium, then find the new portfolio beta.)

John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.