Which one of the following is the type of risk that only affects either a single firm or just a small number of firms? A) systematic B) market C) expected D) unsystematic E) unexpected Which combination of bond characteristics causes a bond to be most sensitive to change market interest rates? I. low coupon rates II. high coupon rates III. short time to maturity IV. long time to maturity A) III only B) I and III only C) I and IV only D) II and III only E) II and IV only To immunize your portfolio, you should: A) purchase only high-coupon bonds. B) match bond maturity dales to your target dates. C) avoid callable bonds. D) purchase only par value bonds. E) match bond durations to your target dates. What is the standard deviation of the returns on this stock? A) 4.62 percent B) 6.06 percent C) 5.77 percent D) 5.01 percent E) 3.33 percent What is the beta of a risk-free security? A) 2.00 B) 1.50 C) 00 D) 50 E) 1.00