26. Investment vehicles include:

		a) common stock, preferred and convertible securities.
		b) bonds.
		c) real estate.
		d) All of the above

27. Sissi paid $930.00 for a $1000.00 bond maturing in 12 years. The bond pays a coupon amount of $35.00 every six months. The Yield-to-Maturity (YTM) on this bond is approximately _____:

		a) 8.67 percent
		b) 4.23 percent
		c) 7.86 percent
		d) 11.25 percent

28. Of these 4 portfolios indicating an investor's asset allocation of stocks, bonds, and cash respectively, portfolio _____ is more representative of a(n) ______ investor.

		a) A (50%,50%,0%) ; Conservative.
		b) B (90%,10%, 0%) ; Aggressive.
		c) C (0%,0%,100%) ; Moderate.
		d) D (0%,20%,80%) ; Middle of the road