1. Pension plan sponsors have been shifting from Defined Benefit to Defined Contribution plans because
A. new pension laws require them to do so.
B. investment risk can be shifted to plan beneficiaries
C. plan beneficiaries prefer Defined Contribution plans.
D. Defined Contribution plans allow more investment alternatives.
2. Security analysis refers to the __________.
A. allocation of the investment portfolio across broad asset classes
B. analysis of the value of individual securities
C. choice of specific assets within each asset class
D. none of the above.