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1. What is the value of a bond? The sum of the coupon payments of the bond. The present value of its coupon payments plus

1. What is the value of a bond?

The sum of the coupon payments of the bond.

The present value of its coupon payments plus face value.

The future value of its cash flows.

The face value of the bond plus coupon payments.

The face value of the bond.

None of the above

2. What is the highest grade of high yield bonds?

AAA

BBB

CCC

None of the above

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