20. Stocks that have the same expected risk should: A. offer the same dividend payment. B. have the same sustainable growth rate. C. have the same price. D. have the same expected rate of return.

21. Which of the following is least likely to account for an excess of market value over book value of

equity?

A. Inaccurate depreciation methods. B. High rate of return on assets. C. The presence of growth opportunities. D. Valuable off-balance sheet assets.

22. How much would an investor lose if she purchased a 30-year zero-coupon bond with a $1,000 par value and 10% yield to maturity, only to see market interest rates increase to 12% one year later? Interest is compounded semi-annually. (Hint: How much would the price change from a year earlier?) A. A price decrease of $19.93 B. A price decrease of $19.48 C. A price increase of $23.93 D. No change in price

using finance calc please show work