Question 15 Read the below article excerpt for context, or skip to the question if you're already familiar with it. Jonathon Shapiro pointed out a striking similarity in the price paths of two different assets in his 19th May 2022 AFR article 'The hidden force behind the tech stock blow-up. Luxembourg life insurers and visionary tech speculators may have diametrically opposite investing objectives, yet they are hitched to the same wild ride.' He wrote: If there was a poster child for this frenzied boom and bust in speculative non-profitable technology stocks, it would have to be Cathie Wood and her ARK Innovation ETF. The fund, which trades as ARKK and has bets ranging from Tesla to telehealth, tripled in value from September 2017 to the end of 2020. It then shed 75 per cent to return almost to its starting point. It may come as a surprise to some that ARKK's trajectory bears a remarkable resemblance to the price of something completely different: the Republic of Austria's September 2017 bonds. Austria sold the debt securities back in 2017 at a 100 par value and promised a miserly 2 per cent coupon for the next hundred years. Buyers more than doubled their money into late 2020, before the bond halved, returning to its par value. So what does Wood's YOLO basket have to do with a sovereign century bond? What do fixed-coupon 100-year maturity Austrian government bonds have in common with a technology-stock-focused exchange traded fund (ETF)? Select the most correct option. Select one: a. High asset-to-equity ratios. b. Low asset-to-equity ratios. c. High CAPM betas. d. LOW CAPM betas. e. High duration