1) A higher coefficient of variation means:

Question options:

a)	Lower returns

b)	Each individual return is positive

c)	Lower volatility

d)	Higher volatility

2) What is the goal of the Firm?

Question 2 options:

a)	To only invest in environmentally safe ideas

b)	To maximize shareholder value

c)	To treat all stakeholders equally

d)	To employ as many people as possible

3) When the par value of a bond exceeds the market value, the bond is selling at a ______ and interest rates have gone ______ since the bond was originally issued.

Question 3 options:

a)	premium, down

b)	discount, down

c)	discount, up

d)	premium, up