SHoW WORK FOR CREDIT I. Tor F: For positive, non-zero returns, bond equivalent yields are always lower than discount yielkds 2. Tor F: As discussed in class, asset-class allocation is generally more impacting than security allocation on the returns to a portfolio. 3. Tor F: Most commercial paper issuances have a maturity less than 270 days 4. T or F: ETFs often have large discounts to NAV S. T or F: A small amount of mortgage REITs provide a diversification bene fit 6. Tor F: Closed end funds cannot have a discount to NAV Tor F: REITs are highly levered because the y get more tax advantage from debt than a typical firm