1. What is the difference between efficient frontier and capital allocation line? Please explain it from the perspective of their compositions?
2. What is the approximate future value of $1,000 to be received each year for 15 years assuming an interest rate of 10%?
3. Students’ score on a test is a normal distribution with mean 75 and standard deviation 25. Compute the probability that a random student obtain a score between 70 and 85 using excel functions.