22.A flight to quality would involve

a. the sale of US Treasuries and purchase of junk bonds

b. the sale of senior debt and purchase of stocks

c. the sale of junk bonds and purchase of US Treasuries

d. the sale of preferred stocks and purchase of common stocks

23.Thinking about the "Present Value of Cash Flows" valuation model, holding everything else constant what policy initiative(s) taken by the Federal Reserve would be more likely to cause a security's price to decline?

a. Fed Easing Policy

b. Decrease in Discount Rate

c. Quantitative Tightening

d. Open Market Operations that reduce the Fed Funds rate

25.Equity factors are _____________________ that have historically provided additional ___________.

a. bond features | return risks

b. stock characteristics | risk premium

c. risk entitlements | risk ingredients

d. risks | refunds