1. T or F: For holders of bonds, investment horizon is always equal to time to maturity 2. Tor F: the modified duration of a zero-coupon bond is equal to its time to maturity 3. T or F : the purpose of duration immunizing is to maximize expected return. 4. T or F: Perpetuity bonds have a duration of infinity 5. T or F: Duration increases with a rise in yield 6. T or F: Prices rise more with a decrease in yield than they fall with an equivalent rise in yield. 7. T or F: If you think there will be an increase in inflation it is better to increase the duration of your bond portfolio. 8. Tor F: If you predict inflation you should shift your bond portfolio to bonds with lower coupon rates 9. T or F: If you predict inflation you should shift your bond portfolio to bonds with lower time t maturity 10. T or F: The duration of a perpetuity bond is increasing with yield 11. T or F: Small stocks generally return more than large cap stocks since 1926 12. T or F: Aggressively investing firms return less to investors according to Fama and French