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Which statement(s) reflect t the recent Supreme Court ruling about presidential immunity? Choose all that apply 

In his concurring opinion in the Youngstown case, Justice Jackson argued that the president’s power is at its highest when he acts in opposition to what Congress wants.

During the Korean War, President Truman planned to seize the steel mills to ensure the workers could not go on strike. He grounded his plan in his power as Commander in Chief and argued that a steelworker strike could jeopardize national security.  What did the Supreme Court rule?

Three times a day is abbreviated as _____.

You choose to construct a portfolio from the Stock A, Stock B, and the risk-free investment. You make the following estimates of the three: Estimates of Alpha, Beta, and Firm-Specific Risk   Alpha Beta Firm-Specific Std Dev Stock A 1.00% 1.25 60.00% Stock B 0.75% 0.80 40.00% Risk-Free Investment 0.00% 0.00 0.00% You invest 45% of your portfolio in Stock A, 45% in Stock B, and the remaining 10% in the risk-free investment. What is your portfolio’s firm-specific risk (standard deviation)?  

You choose to construct a portfolio from the Stock A, Stock B, and the risk-free investment. You make the following estimates of the three: Estimates of Alpha, Beta, and Firm-Specific Risk   Alpha Beta Firm-Specific Std Dev Stock A 2.00% 2.00 120.00% Stock B 0.25% 0.80 50.00% Risk-Free Investment 0.00% 0.00 0.00% You invest 25% of your portfolio in Stock A, 40% in Stock B, and the remaining 35% in the risk-free investment. What is your portfolio’s alpha?  

You choose to construct a portfolio from the Stock A, Stock B, and the risk-free investment. You make the following estimates of the three: Estimates of Alpha, Beta, and Firm-Specific Risk   Alpha Beta Firm-Specific Std Dev Stock A 1.50% 1.40 80.00% Stock B 1.75% 1.80 90.00% Risk-Free Investment 0.00% 0.00 0.00% You invest 30% of your portfolio in Stock A, 30% in Stock B, and the remaining 40% in the risk-free investment. What is your portfolio’s firm-specific risk (standard deviation)?  

With the Treynor-Black method, we have to normalize our active portfolio security’s initial positions. Why?

You are using the Treynor-Black method to build an optimal risky portfolio. The entire universe of mispriced securities is Stocks A, B, and C. You estimate the following input list for the three: Input List of Investable Universe   Stock A Stock B Stock C Alpha 1.0% -0.5% 0.9% Firm-Specific Risk 60% 50% 40% Beta 1.3 1.5 0.8 What is the initial position in the active portfolio for Stock C?

Using historical data, you estimate a security’s beta is 1.250. For your forecasted returns, you use the adjusted beta approach. What is your forecasted beta?