QUESTION 17 You have just retired with savings of $9 million. If you expect to live for 60 years and to earn 14% a year on your savings, how much can you afford to spend each year (in $ dollars)? $___________ (Assume that you spend the money at the start of each year.) QUESTION 18 The weak form of the efficient market hypothesis implies that: O No one can achieve abnormal returns using market information. O Insiders, such as specialists and corporate board members, cannot achieve abnormal returns on average. O Investors cannot achieve abnormal returns, on average, using technical analysis, after adjusting for transaction costs and taxes. O All of above. QUESTION 19 If a stock consistently goes down (up) by 1.38% when the market portfolio goes down (up) by 1.29%, then its beta equals: