5. (10 points) Which of the folloring stantemens is fatsel? select coly one. a. Over long periods of time isvodmencs in tisky US. stocks on ar erage have camed higher returns than investmens in xafe U.S. govemment bonds. b. A bues whose couper rate ba higher than the market interest rate will be prioed atowe its par valuc. will carn an expected reom equal to the risk-tice rabe A. Over the past 50 years in the U.S. yields an Serig-maturicy Treasury bobals have leadod to excoed the yickts an obort-manurity Treasury boods with comperuble cuupon nates. 6. (10 poines ) Stock H and stock L both beleng to the sime industry and both wes the same wcouming methods foe their finsncisil statements. H tas = price-to-esmings ratio of 78.27 while L. has a price-to esminge ratio- of 7.98 . Both ratios are lased on histocical trailing 12 moeth camings. This differenoe in their valuation ratios could indicate that: (seleot one) a. Investors percetive stock H to have a highter level of risk exmpared to L b. Investors expect stock H to have higher growth in future dividends and earnings than L c. Investors expect stock H ko have a kower paycer ratio than slock L d. Iavestors perceive stock L, to bave kruer unsystematic diversifuble risk than H