1. In February of 2017, Big Rock Asst Management, Inc. purchased $200,000,000 of newly issued 10-year, 4.5% coupon rate, $1,000 par value non-callable bonds directly from Orwell Technologies, Inc. No investment bankers or other financial institutions were involved in the transaction. This transaction was a ?

a. primary market transaction in the money market

b. secondary market transaction and private placement

c. primary market transaction and a private placement

d. secondary market transaction in the bond markt.

2. Joe purchased 500 shares of Robotics Stock at $4 per share. Bill sold the shares a year later for $5.45. Robotics stock has a beta of 1.4, the risk-free rate of return is 5% and the market risk premium is 9%. The required return on Robotics Stock is:

19.6% 18.65% 17.6% or 36.25%