What is the impact of a 50 basis point increase in interest rates on the net asset value of an open-end bond mutual fund holding a seven year, $100 million face value 7 percent annual coupon bond selling at par? The fund has 10 million shares.

Which of the following statements is false?

A) People with a small amount of assets do not typically need a will. B) A parent can use a will to appoint a guardian for his/her children. C) A valid will can minimize probate problems. D) A legally enforceable will must be made when a person is of sound mind.

In the one-period valuation model, a stock's value will be higher

A) the higher its expected future price is. B) the lower its dividend is. C) the higher the required return on investments in equity is. D) all of the above.