Find a statement which is not true. 1) The mean of a net return of certain financial asset can represent the average profitability of investment in the asset. 2) The variance (or standard deviation) of a net return of certain financial asset can represent an aspect of risk in that asset. 3) Volatility is a jargon in the finance industry, and it means the variance of a net return of certain asset. 4) There is no random variable with negative standard deviation. 5) When you know the mean and variance of a return, you can find its risk premium and volatility easily since the riskfree rate is public knowledge, and vice versa.

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?