which statements are true:

Bankers Acceptances are considered low-risk securities because of the bank endorsement.

Financial assets are claims on real assets.

The bid-ask spread compensates market makers for providing immediacy services.

An investor buying a security on margin borrows part of the cost of the security from a broker and immediately sells the security in the open market.

One of the problems of using coupon bonds in a net-worth immunization strategy is that duration changes every time the bonds yield to maturity changes. To mitigate this problem, one can apply a strategy, which involves both duration and convexity.

When considering the utility indifference curve of a risk-seeking investor, the measure of the degree of risk aversion (A) is negative.