1 - Which of the following is true about Bonds?

Select one:

a. If a bonds price is listed as 104.85, then you can purchase it for $104.85

b. The price of a Bond at any time will always equal the discounted value of its interest payments only

c. A companys Debentures should have higher interest rates than its Snior Secured Bonds

d. A Mortgage Bond is typically not secured by a fixed asset, such as a building

2 - If you buy a 7% bond at a discount, then which of the following is true?

Select one:

a. The "Yield to Maturity" is zero

b. The "Yield to Maturity" has to be greater than 7%

c. The yield to maturity will always equal 7%

d. The yield to maturity hs to be less than 7%