1. Assume that the stock market is efficient and the Capital Asset Pricing Model is true. Is it possible for a mutual fund manager to generate a return? (on their mutual? fund) above that predicted by the Security Market Line for two years in a? row?
Yes or No?
2. Thompson Wood Products has credit sales of $2,736,000 and accounts receivable of $699,200. Compute the value of the average collection period. (Use a 360-day year.)