Problem 6.08 (Repurchase Agreements) eBook Based on what you know about repurchase agreements, would you expect them to have a lower or higher annualized yield than commercial paper? Why? Repurchase agreements with a similar maturity as commercial paper would likely have a slightly -Select- yield, since they are typically backed by -Select- securitites. Problem 8.07 (Coupon Rates) Algo eBook If a bond's coupon rate is below the investor's required rate of return on the bond, would the bond's price be above or below its par value? Explain. The price of the bond would be -Select-vits par value, because the coupons provide -Select-than the return required. Problem 11.13 (Stock Portfolio Volatility) Question 13 of 20 mm eBook Explain how different factors affect a stock portfolio's volatility. A stock portfolio has -Select- volatility when its individual stock volatilities are high, other factors held constant. In addition, a stock portfolio has -Select- volatility when its individual stock returns are highly correlated, other factors held constant. A stock portfolio containing some stocks with low or negative correlation will exhibit -Select- volatility because the stocks -Select- experience peaks and troughs simultaneously