1. Which of the following have a MATURITY DATE? As always, be sure to read all choices before answering.

		A. Bonds
		B. Common stock
		C. BOTH bonds and common stock
		D. NEITHER bonds nor common stock

2. Which of the following correctly describes the differences between STOCKS and BONDS?

A. Bonds represent debt. Thus, bondholders have a voice in management.

		B. Bonds represent equity. Thus, bondholders have a voice in management.
		C. Stocks represent debt. Thus, common stockholders have a voice in management.
		D. Stocks represent equity. Thus, common stockholders have a voice in management

3. A particular bond has a face (or par or principal) amount of $10,000. The bond was issued on January 1, 2010 and matures on December 31, 2013. The bond pays interest semi-annually. The bonds pay interest at a face (or coupon rate) of 6%. What is the amount of the semi-annual interest payment?

A. The semi-annual interest payment cannot be determined because it varies with market rates of interest.

		B. $300
		C. $600 D. $2,400