You now start creating the housekeeping duty roster knowing that it is essential to a hotel. Legal regulations must be followed when organizing the duty roster. You know that the Hotel Fontana in Passugg is open all year round, but it is declared as a seasonal hotel. The following sources are available to both the employer and the employee to find out about the legal regulations of labour law in Switzerland: 1 answer is allowed. 0.5 points for correct answer.单项选择题

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For stock A, we have 𝛽 𝑖 = 0.70. Suppose the expected market risk premium next year is 9% and the risk-free rate is 3%. What is the expected return of this stock based on the CAPM? (Please answer in % and round to 2 decimal places. If the answer is 8.057%, then in the box, write 8.06)
Suppose a multifactor model has three factor risk premia: market = 6%, profitability = 3%, and investment = 2%. A stock has: 𝛽 𝑚 𝑎 𝑟 𝑘 𝑒 𝑡 = 1.1, 𝛽 𝑝 𝑟 𝑜 𝑓 𝑖 𝑡 𝑎 𝑏 𝑖 𝑙 𝑖 𝑡 𝑦 = 0.5, 𝛽 𝑖 𝑛 𝑣 𝑒 𝑠 𝑡 𝑚 𝑒 𝑛 𝑡 = -0.2, And the risk-free rate is 3%. What is the expected return? (Please answer in % and round to 2 decimal places. If the answer is 8.057%, then in the box, write 8.06)
Suppose that the covariance between a stock and the market portfolio is 0.06 and that the standard deviation of the market portfolio is 0.30. Suppose also that the standard deviation of the stock’s returns is 0.55. Based on the CAPM, what is β of this stock? (Please answer as a number and round to 2 decimal places. If the answer is 0.768, then in the box, write 0.77)
Suppose that the CAPM holds and that Stock A, the market portfolio, and the risk-free asset have the following characteristics. Asset Expected return Standard deviation Stock A 15% 40% Market portfolio 11% 25% Risk-free asset 3% 0% What is the β of Stock A? (Please answer as a number and round to 2 decimal places. If the answer is 0.768, then in the box, write 0.77)
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