25 1 point Commercial paper consists of a private sector company's issue of long-term, secured promissory notes. True False 1 point 26 Which of the following statements regarding the evaluation of a portfolio's risk and return is(are) CORRECT? 1. The dollar-weighted rate of return measures the rate of return earned by the portfolio manager. II. The time-weighted rate of return equates all cash flows, including the ending market value, with the beginning market value of the portfolio. I only Il only Both I and II Neither I nor II 27 1 point All of the following statements regarding systematic and unsystematic risk are correct EXCEPT systematic risk represents that portion in the variability of a stock's total return that is directly associated with overall movements in the general economy or stock market O investors should focus on unsystematic risk because it is the part of portfolio risk that can be eliminated through diversification the risk applicable to common stocks can be divided into 2 types: a general component known as unsystematic risk and a specific (issuer) component known as systematic risk unsystematic risk represents that portion in the variability of a stock's total return that is not related to the variability in general economic (market) activity; rather, it is specific to a company, industry, or country