QUESTION 8 Top-down security analysis a. starts with the fundamental analysis of a firm. b. includes economic, industry, and fundamental analysis c. concentrates on the competency of the senior management of a firm. d. centers on the past performance of a firm. QUESTION 9 Which stage of an industry's growth cycle offers the greatest opportunity for an investor who is seeking capit a. initial development b. mature growth c stability or decline d.rapid expansion Click Save and submit to save and submit. Click Save All Answers to save all answers. et e 9 Take Test: FNC 360