27. What is the holding period yield for an investor who pays $1.150 for a three-year bond with a $1.000 face value and a 5% coupon and sells the bond two years later for $1,4202 a. 4.00% b. 15.26% c. 6.87% d. 7.46% 28. The Financial Crisis of 2007-08 has had lingering effects. It a. Had only a minor effect on the U.S. Economy b. Involved and affected only large investment banks, not the economy as a whole c. Was largely caused by easy-money policies and the collapse of the market for collateralized subprime home mortgage loans d. Did not involve re-financings 29. Preferred Stock a. By law is not traded b. Pays dividends after Common Stockholders have received theirs C. Has a higher price than Common Stock d. Generally has no voting rights Page 7