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1. What is the yield on a 1-year T-bill? Do not round intermediate calculations. Round your answer to two decimal places.

2. With the growth of online retailing, where do you see the future of Brick and Mortars?

3. A portfolio consists of two stocks and has a beta of 1.07. The first stock has a beta of 1.48 and comprises 38 percent of the portfolio. What is the beta of the second stock?

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