________specialize in helping companies raise capital by selling securities.

secured

Yankee

callable

unsecured

convertible

are funds borrowed by the broker from the bank, with the agreement to repay the bank immediately if requested to do so

are funds used by individuals who wish to buy stocks on margin

carry a rate that is usually about one percentage point lower than the rate on U.S. T-bills

are funds used by individuals who wish to buy stocks on margin and carry a rate that is usually about one percentage point lower than the rate on U.S. T- bills

are funds used by individuals who wish to buy stocks on margin and are funds borrowed by the broker from the bank, with the agreement to repay the bank immediately if requested to do so

are usually borrowed from other brokers

are borrowed from commercial banks

none of the above

B and C

are typically shares held by the short seller's broker in street name

0.23

0.43

0.33

0.55

0.25

A change in the fund's management

A decrease in the value of one of the fund's stocks

An increase in the number of fund shares outstanding

An increase in the value of one of the fund's stocks

An increase in the fund's accounts payable

7.25%

8.13%

7.79%

6.91%

8.85%

12%; 20%

10%; 15%

8%; 10%

10%; 12%

10%; 10%

represented by the scaling factor "−.005" in the utility function

the rate that a risk-free investment would need to offer with certainty to be considered equally attractive as the risky portfolio

the rate that equates "A" in the utility function with the average risk aversion coefficient for all risk-averse investors

the minimum rate guaranteed by institutions such as banks

the rate that the investor must earn for certain to give up the use of his money

0.087; 0.06

0.087; 0.12

0.114; 0.12

0.795; 0.14

0.295; 0.12

portfolio opportunity set

risk/reward tradeoff line

Capital Allocation Line

Security Market Line

efficient frontier