7. A. B. C. D. Which of the following is not a characteristic of common stock ownership? Residual claimant Limited liability Unlimited liability Voting rights to elect a board of directors 8. A. B. C. D. Which of the following is a characteristic of corporate bonds? Liquidity Limited liability Unlimited Liability Default risk 9. A. B. C. D. Which of the following funds have the lowest risk? Equity funds Money market funds Asset Allocation funds Balance funds 10. You purchase a call option on Xyzz stocks today with one-month expiration and the strike price of $1,000. The option price is $20 per share. The Xyzz stock price is $1,000 per share. Suppose that the Xyzz stock price decrease to $900 at the expiration. What is the rate of return on your investment? -100% B. -11.76% C. D. 400% A. -12%