The more similar the returns of individual investments in a portfolio, the more volatile the returns are over time

Eloise Ralstonhad a first mortgage on her house of $300,000 with Bank A, a second mortgage of $200,000 with Bank B, and a third mortgage of $100,000 with Bank C. All of these mortgages were registered and in that order

Eloise missed her mortgage payments to Bank C. If Bank C forces the sale of the house and the house sells for $400,000 which of the following statements is FALSE? A) Bank A will get $300,000 B) Bank B will get $100,000 C) Bank C will get $100,000 D) Bank B will not get fully paid but it will get some money E) Bank C will get $0

Members of the board of directors may not determine their own compensation

Indicate whether the statement is true or false