Question 7 of 20 Question 7 1 points Save Answer Which of the following companies cannot have a trailing 12 months P/E ratio? (Check all that apply. Each correct answer gives partial credit and each incorrect answer reduces partial credit) Snap (trailing 12 months EPS of $0.13) Airbnb (upcoming IPO later in 2020) Tosin (trailing 12 months EPS of $0.63) Snowflake (IPO in September 2020) Save Answer Question 1 points Which of the following statements is (are) true? (Check all that apply. Each correct answer gives partial credit and each incorrect answer reduces partial credit) A passive bond portfolio Management strategy can be implemented by selecting a duration that matches the duration of a benchmark Index An investor who wants the performance of the Bloomberg Barclays Capital US Aggregate bond Index can use ETFs Callable bonds are repaid early when interest rates increase sufficiently When a recestion is coming corporations with lower credit ratings have larger increases in the spreads of their bonds Question 9 Which of the following statements is true? The coupon rate is the rate used to discount cash flows when computing a bond's value. Abond that is issued "at par" will become a discount bond if interest rates decrease. If market interest rates increase, bond prices will decrease If market interest rates increase, the coupon rates of existing bonds will increase