5. The tax equivalent yield takes into account the following taxes: a. Federal personal taxes b. State personal taxes c. An individuals real estate taxes d. All of the above e. Both a and b 6. Hedge funds have distinct characteristics including all of the following except: a. Require an investor to be an accredited investor b. Use sophisticated leveraging strategies c. Are generally somewhat liquid d. Pay portfolio management fees 7. Private equity funds: a. Only invest in equity b. Makes investments only in public companies c. Do not have fixed terms d. Are typically set up as a limited partnership 8. Mezzanine financing: a. Is collateralized b. Consists of both debt and equity financing used to fund a Company's expansion C. Typically come from traditional lending institutions d. All of the above