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15. What is the beta of a typical counter-cyclical corporation? A. Zero. B. One. C. A number below 0 (a negative number). D. A number

15. What is the beta of a typical counter-cyclical corporation?

A. Zero.

B. One.

C. A number below 0 (a negative number).

D. A number between 0 and 1.

E. A number above 1.

16. When valuing a bond, the characteristics of the bond that remain fixed are all of the following EXCEPT the:

A. Face rate (also known as coupon rate)

B. Price (market value)

C. Face amount (also known as face value)

D. Interest payment

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