The 3 most important features to consider when selecting an investment-grade bond for purchase are coupon rate, maturity, and credit rating.

[ Choose ] Neither True or False False True

To minimize price volatility in an uncertain interest rate environment, an investor should emphasize floating-rate bonds.

[ Choose ] Neither True or False False True

In regard to bond portfolios, the 'duration' measure refers to the expected holding period of an investment.

[ Choose ] Neither True or False False True

Yield ratio and tax-equivalent yield are commonly used to determine the relative value of Municipal bonds versus Treasuries.

[ Choose ] Neither True or False False True

Most investors should consider an allocation to hedged international securities, incl. emerging markets, in their portfolio.

[ Choose ] Neither True or False False True

An active investment style is implemented by frequently adjusting the portfolio characteristics to closely match the risk and return of the designated benchmark.

[ Choose ] Neither True or False False True

'Top Down' analysis is best described as using a company's financial information and competitive position to determine if a bond issued by the company is a good value for the risk.

[ Choose ] Neither True or False False True

Changes in the credit risk of an issuer or bond are more quickly reflected in the credit spread rather than the credit rating.

[ Choose ] Neither True or False False True

When evaluating a security with a significant chance of default, yield-to-maturity is the best estimate of expected return.