Splish Brothers Inc. began the year 2022 with retained earnings of $658000. During the year, the company sold additional shares of stock for $1023000, recorded revenues of $587000, expenses of $376000, and paid dividends of $143000. What was Splish's retained earnings balance at the end of 2022?

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable