Which of the following is a measure that provides information that is useful when assessing a bond's sensitivity to changes in interest rates? A. tax cost ratio B. duration C. beta Which of the following is/are useful when assessing the cost of owning a mutual fund or exchange traded fund? A. tax cost ratio B. expense ratio C. A and B In general, which of the following investments would an investor expect to be least volatile? A. short term investment grade bonds B. large capitalization stocks C. small capitalization stocks Please use the Constant Growth Dividend Discount Model (DDM) to answer the following question: An investor can currently purchase one share of XYZ common stock for $33. Last year XYZ firm paid $3.20 in dividends per share. You forecast that future dividends will grow by a constant rate of 2.0 percent per year. Finally, you determine that the appropriate discount rate, i.e., required rate of return, is 8.0 percent per year. Based on this information, and assuming the above information is both accurate and reliable for valuation purposes, which of the following is true? A. the estimated value of XYZ common stock is greater than the current price B. the estimated value of XYZ common stock suggests that XYZ common stock is currently overvalued C. the estimated value of XYZ common stock suggests that XYZ common stock is currently fairly valued The value of a risky investment is estimated by using the _____ to calculate the _____ of estimated future cash flows. A. risk free rate; present value B. required rate of return; future value C. required rate of return; present value Use the information in the following table to answer the following question: Based on the above information, which of the three investments performed best in a taxable account