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25. ABC Corporation's preferred stock has a par value of $100 and a dividend rate of 6%. If the required return on the stock is 8%, its intrinsic value is closest to: a. $75 b. 594. c. $133. d. $300. Investments and Portfolio Management FINC321 26. A passive investment strategy attempts to: a. achieve returns available in various market sectors at minimum risk. b. achieves maximum returns available in various market sectors. c. achicves minimum risk in various market sectors. d. achieve returns available in various market sectors at minimum cost. 27. Which strategy involves shifting the weights of secuntics in a porfolio to take advantuge of security groups expected to do relatively better than others? a. Pontfolio management b. Technical analysis c. Momentum strategy d. Sectoc rotation 28. What rate woold a taxable copporate bond have to pay to be comparable io a municipal bond with a coupon rate of 7 pereen if the itiveitor is in the 28 percent tax beakker? Investments and Portfolio Management FINC321 29. Assume that you have a stock currently priced at $56 that moves exactly proportional to the S\&P 500 Index. Over a six-month period, the index moves from 2,700 to 3,024. What should the price of your stock be? 30. Why was the Markowitz model impractical for commercial use when it was first introduced in 1952? What has changed

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