Bond laddering is:

A) A Buy & Hold Strategy

B) A strategy used by aggressive hedge fund managers

C) A strategy that reinvests maturing bonds into longest maturity in the ladder

D) Both A and C

When should stocks in Cyclical companies be purchased

A) Near the peak of the economy when their trailing P/Es are low

B) Near the peak of the economy when their trailing P/Es are high

C) Near the economic trough when their trailing P/Es are low

D) Near the economic trough when their trailing P/Es are high

Foreign Bond Mutual Funds and ETFs:

A) would reduce the diversification of a portfolio

B) do not exist

C) are more convenient than buying individual foreign bonds

D) will be illegal in the U.S. as of January 1, 2022.

If you are an income-oriented investor and you feel that interest rates are relatively high and will decline in the future, you should purchase

A) long-term, non callable bonds

B) Treasury bills

C) long-term, freely callable bonds

D) short term bonds