QUESTION 3 The holding period returm (HPR) calculates the annual dividend yield on stocks or current interest yield on bonds. is the most appropriate measure of returns for an investment period exceeding one year. reflects only capital gains and losses for investment periods of one year or less. can be used to determine the actual total return on stocks, bonds, and other investments for periods of one year or less. QUESTION 4 The purchaser of a futures contract is required to obtain a margin loan equal in amount to the cost of the contract minus the cash down payment is affected by the daily procedure known as mark-to-the-market. does not have to worry about margin calls since margin loans are not required. is generally required to make a cash deposit of 10 to 20% of the contract price at the time the contract is entered. QUESTION5