3.-. Explain the difference between investing in fixed income and an ETF that follows the S&P 500 (10 points)

4.- Explain in detail what is the intrinsic value of a company. (10 points)

5.- What is a treasury buy back? Why do companies use it? (10 points)

6.- Explain what is the PE ratio of a company, and what is the use of it. (10 points)

7.- Explain the main difference between active and passive management (10 points)

8.- What is a bond yield and why is it relevant to decide whether to invest in a company (10 points)

9.- Explain which are the risks of investing in bonds (10 points) 10.- If you have invested in EUR Bonds with