You are an analyst and you have studied Firm Q's financial statements as well as the prospects for the economy. You have come up with your projection of return for Q as well as its index of systematic risk.
How might you use SML?

What does the fixed asset turnover ratio measure?

The cum-coupon transaction price is 125-3/16 for a semi-annual pay, 8-5/8% coupon bond. 2.0 months have elapsed since the last coupon payment. What is the accrued interest for $2,000,000 par value of this bond?

Which of the following is/are true about the balance sheet and income statement?
I). The income statement reflects a summary of activity that occurs over some period of time while the balance sheet is a snapshot taken at a single point in time.
II). Both represent a summary of activity that occurs over some period of time.
III). The two, combined, give a reasonable estimate of the firm's cash flows.

The more perfectly the monopoly can price discriminate,