________ risk affects all stocks to a greater or lesser extent and is due to large macroeconomic shocks. This type of risk ________ be eliminated through diversification

A firm has a single issue of a zero coupon debt that promises to pay $90 in 4 years, and the A0 = $100, r = 4%, ? = 25%, and ? = 0. If the asset has a 2% chance of total default, what is the yield on the bond?

A) 8.32% B) 12.33% C) 24.36% D) 36.85%

Explain what it means to "demonstrate effective telephone techniques."

What will be an ideal response?