1. What are the following: yield to maturity, yield on a discount basis versus bond-equivalent yield on Treasury bills, coupon bonds versus pure discount bonds, coupon rate, current yield.

2. What is duration and how does it relate to how a bonds price changes with interest rates?

3. What is an assets expected return?

4. What is the difference between real and nominal interest rates?

5. What is a bonds ex post or holding period return and why might it differ from its yield to maturity?