The intercept of the security market line is the reward-to-risk ratio for taking on units of systematic risk

How could Phil best respond to a "fax attack" and differentiate McCall Automotive positively from other dealerships?

A) Phil could respond to the fax with brief answers to all of the customer's questions. B) Phil could develop value-added solutions for the customer by building a relationship. C) Phil could refer the customer to other dealerships that typically have lower car prices. D) Phil could steer the customer to more expensive cars that have better safety records. E) Phil could refuse to match the fax attack price because quality cars demand high prices.

Which item below is an example of tax-advantaged income?

A) Interest on certificates of deposit B) $200 of municipal bond interest C) Interest on corporate bonds D) $1,000 of short-term capital gains