Question
1.) If a bond has a market value that is higher than its par value, then the required return on the bond must be less
1.) If a bond has a market value that is higher than its par value, then the required return on the bond must be less than the bond's coupon rate.
a.) True
b.) False
2.) The future value of a 10year ordinary annuity is twice as much as the future value of an otherwise identical 5year annuity.
a.) True
b.) False
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
