Which of the following statements is true? Select one: O Corporations generally pay all their earnings as dividends. A firm's residual earnings technically belong to the preferred shareholders. O Corporations typically reinvest none of their earnings to enhance future earnings. The only cash flows that an investor will receive until he or she sells their shares will be the dividends. Which one of the following statements is NOT true? Select one: As interest rates increase, bond prices increase. Interest rate changes and bond prices are inversely related. Interest rate risk is the risk that bond prices will change as interest rates change. O Long-term bonds are more price volatile than short-term bonds of similar risk. Which one of the following statements is NOT true? Select one: A bond issuer's rating is affected by its default risk. An investor holding the bond until maturity expects to receive its par value. O Inflation does not affect the interest rates of bonds. Rating agencies use financial statements to assess the default probability of firms. Which one of the following statements is NOT true about ordinary shares? Select one: o Ordinary shareholders have limited liability. Ordinary shares are considered to have no fixed maturity. Ordinary shareholders have the right to vote on the selection of the board of directors for the company. Owners of ordinary shares are guaranteed dividend payments by the company. You hold a portfolio of two assets. When the return on one asset is positive, the return on the other asset is negative. We can conclude that: Select one: O the correlation between the two assets in the portfolio is negative. Othere is no correlation between the two assets in the portfolio. O the correlation between the two assets in the portfolio is positive. Information provided is insufficient to make any conclusion