Which of the following statements concerning risk tolerance is true?

There is some evidence that women are less inclined to take risk than men.

Investors in the early life-cycle stages tend to be the biggest risk-takers.

College-educated investors are lower risk-takers than investors without a college education.

As investors approach retirement years, they take on more risk.

A bear market occurs when the market is

generally rising.

generally declining.

very volatile.

fairly stagnant.

Reinvestment risk is greatest for

short-term debt securities.

long-term debt securities.

bonds.

common stock