Course: Securities & Investments

1. Which of the following is a characteristic of a defensive sector?

A. Rapid growth B. Low dividend yield C. Low sensitivity to the business cycle D. High payout ratio

2. Which of the following reports are always included in a 10K filing with the SEC?

I. statement of cash flows II. balance sheet III. pro-forma statement IV. income statement

A. II, III, and IV only B. I, II, III, and IV C. IV only D. I, II, and IV only