Zero-coupon bonds are bonds that

What is the interest rate risk, in percentage price change, of a semiannual-pay 9%, 15-year bond with an 8.5% yield if rates increase by 60 basis points?

An analyst gathered the following information about a company:
01/01/01 - 50,000 shares issued and outstanding at the beginning of the year
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04/01/01 - 5% stock dividend
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10/01/01 - 10% stock dividend
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What is the company's weighted average number of shares outstanding at the end of 2001?

Which of the following statements is (are) true with respect to setting the proper constraints in managing a portfolio?
I). The more certain an investor's financial future, the less liquidity will be in the portfolio, holding everything else constant.
II). The longer the investment horizon, the more emphasis must be placed on any current expectations with regards to the relative performance of the various asset classes.
III). It would be imprudent to include many income oriented securities in a portfolio that belongs to an investor in a high tax bracket.
IV). Low levels of sophistication are an indication that an investor is inexperienced and hence the manager should overestimate the investor's level of risk tolerance.

In an inverse head-and-shoulders pattern, the low price reached at the bottom of the head is $40 and the neckline is established at $50. The price objective for a technician would be: