1. What is the beta of a typical counter-cyclical corporation?
A. Zero.
B. One.
C. A number below 0 (a negative number).
D. A number between 0 and 1.
E. A number above 1.
2. When valuing a bond, the characteristics of the bond that remain fixed are all of the following EXCEPT the:
A. Face rate (also known as coupon rate)
B. Price (market value)
C. Face amount (also known as face value)
D. Interest payment