4-part question:

A. The difference between the expected (or required) return for the market portfolio and the risk-free rate of return is referred to as:

B. Which of the following will NOT affect a firm's beta? 1) the choice of the market portfolio against which to compare the variability of a firm's returns; 2) the choice of the risk-free security; 3) the choice of the time period used to calculate the firm's beta; 4) None of the above, because each of them affects the calculation of a firm's beta.

C. Which of the typical first step sourcing capital abroad?

D. What does a firm typically try to accomplish by cross listing and selling its shares on a foreign stock exchange? Two objectives.