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69. Warrants do NOT have A. an expiration date B. a specified exercise price C. a strike price D. the right to receive dividends 70.

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69. Warrants do NOT have A. an expiration date B. a specified exercise price C. a strike price D. the right to receive dividends 70. Dollar cost averaging is A. periodically buying a round lot of stock B. periodically investing a specified sum in a particular stock C. a means to increase the average cost basis of a position in a particular stock D. a means to guarantee a positive retum on an investment in a common stock 71. The intrinsic value of an option to buy stock is the difference between the A. option's exercise price and its strike price B. option's strike price and the option's price C. stock's market price and the option's exercise price D. cost of the option and its current market price 72. Zero coupon bonds are sold at a A. discount, and they may be good investments for a pension plan B. discount, and they avoid federal income taxation C. premium, and they may be good investments for a pension plan D. premium, and they avoid federal income taxation 73. Exchange-traded funds A. consistently outperform other funds B. require investors to select individual stocks C. mimic an index of securities D. are illustrations of load funds

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