Foreign bonds have all of the following characteristics EXCEPT

a$.$ they are underwritten by an investment banking syndicate

b$.$ they are denominated in the currency of the country of sale

c$.$ they are denominated in euros

d$.$ the bond issuer is from a country other than the country in which the bonds are being issued

When the market for an asset is in equilibrium, the expected rate of return on the asset is equal to the

a$.$ risk$-$free rate

b$.$ marginal investor's required rate of return

c$.$ historical cost of capital

d$.$ perpetual capitalization rate