Which one of the following statements is a correct reflection of the U.S. markets for the period 1926-2010?

Small-company stocks, as the term is used in the textbook, are best defined as the:    A.  500 newest corporations in the U.S. B.  firms whose stock trades OTC. C.  smallest twenty percent of the firms listed on the NYSE. D.  smallest twenty-five percent of the firms listed on NASDAQ. E.  firms whose stock is listed on NASDAQ. Refer to section 12.2

17.

Which one of the following statements is a correct reflection of the U.S. markets for the period 1926-2010?    A.  U.S. Treasury bill returns never exceeded a 9 percent return in any one year during the period. B.  U.S. Treasury bills provided a positive rate of return each and every year during the period. C.  Inflation equaled or exceeded the return on U.S. Treasury bills every year during the period. D.  Long-term government bonds outperformed U.S. Treasury bills every year during the period. E.  National deflation occurred at least once every decade during the period. Refer to section 12.2

18.	Which one of the following categories of securities had the highest average return for the period 1926-2010?    A.  U.S. Treasury bills B.  large company stocks C.  small company stocks D.  long-term corporate bonds E.  long-term government bonds Refer to section 12.3

19.	Which one of the following categories of securities had the lowest average risk premium for the period 1926-2010?    A.  long-term government bonds B.  small company stocks C.  large company stocks D.  long-term corporate bonds E.  U.S. Treasury bills Refer to section 12.3

20.	Which one of the following categories of securities has had the most volatile returns over the period 1926-2010?    A.  long-term corporate bonds B.  large-company stocks C.  intermediate-term government bonds D.  U.S. Treasury bills E.  small-company stocks Refer to section 12.4