Consider the one-factor APT. The standard deviation of returns on a well-diversified portfolio is 26.00%. The standard deviation on the factor portfolio is 23.00%. What is the beta of the well-diversified portfolio?

Simonne used the following steps to simplify the given expression. 12 - 3(-2x + 4) step 1: 12 + (–3)·(–2x) + (–3)·(4) step 2: 12 + 6x + (–12) step 3: 12 + (–12) + 6x step 4: 0 + 6x step 5: 6x what property of real numbers was used to transition from step 3 to step 4? a. identity property of addition b. inverse property of addition c. associative property of addition d. commutative property of addition

2. explain in words how you plot the point (4, −2) in a rectangular coordinate system.

If a is a nonzero real number then the reciprocal of a is