The following statements are incorrect, please correct them.

6. A $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. Please make corrections to the gnawing incorrect statements. a. If the loan were amortized over 10 years rather than 7 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 7year amortization plan. b. The last payment would have a higher proportion of interest than the rst payment. You are considering investing in one of these three stocks: If you are a strict risk minimizer, you would choose Stock if it is to be held in isolation and Stock if it is to be held as part of a well-diversified portfolio. Briey explain your reason of your choice. Msmm Deviation