It is appropriate to imply bad news rather than specifically state the news.

Why is it important to gauge audience members' level of understanding when crafting a message?

A) To determine their general background and level of effort
B) To make sure those of a higher rank have all their needs addressed
C) To keep the communication internal if necessary
D) To determine how much help they will need in understanding your message
E) To forecast probable reaction to the message

The risk premium for exposure to exchange rates is 5%, and the firm has a beta relative to exchange rates of .4. The risk premium for exposure to the consumer price index is -6%, and the firm has a beta relative to the CPI of .8. If the risk-free rate is 3%, what is the expected return on this stock?

A) .2%
B) 1.5%
C) 3.6%
D) 4%