Question 25 (Mandatory) (3.2 points) Which of the following is most correct? O In an efficient market, investors will sell overvalued stock which will drive its price down. In an efficient market, investors will sell undervalued stock which will drive its price down. O In an efficient market, investors will buy overvalued stock which will drive its price down. None of these statements is correct. Question 14 (Mandatory) (3.2 points) Saved A bond's current yield is defined as: O the bond's annual coupon rate divided by the bond's current market price. O he bond's annual coupon rate divided by the market interest rate. the bond's annual coupon rate divided by the bond's par value. the bond's annual coupon rate divided by the bond's original issue price. Question 15 (Mandatory) (3.2 points) Junk bonds are those bonds with a credit rating of: 0 BB and lower. 0 B and lower 0 BBB and lower. None of these. Question 16 (Mandatory) (3.2 points) Which of the following statements is correct? Long-term bonds have more interest rate risk than short-term bonds. 0 Long-term bonds have more reinvestment rate risk than short-term bonds. 0 Short-term bonds with high coupons have high interest rate risk. Zero coupon bonds do not have interest rate risk. 0