Part D: Fill-in-the-Blank. Write in the correct answer to each question in the space 1. An investor seeks to diversify her portfolio by investing in foreign securities. She's reluctant to invest in individual securities and rejects managed mutual funds because of their high expense ratios. She provided. (3 points each) might prefer to use for the international part of her portfolio. 2. Whereas novice investors might prefer to invest in mutual funds that report the highest invest- ment returns, experienced investors prefer the return to gauge performance. 3. The sum of the present value of cash flows is always less than the sum of nominal cash flows because present value calculations future cash flows. 4. If an investor seeks a relatively low-risk investment in equity, he or she might use the stock's to estimate its volatility relative to the market. 5. Stock splits and are similar from the investor's perspective because both actions can result in the issuance of additional shares of stock