1. You purchase a bond with a clean price of $1,004.70 and a coupon rate of 3.5%. What is the invoice price of the bond if there is two months to the next annual coupon date?

1. $1,016.37

2. $1,033.87

3. $1,039.70

4. $1,047.45

2. If the debt to equity ratio equals 0.30, what is the total debt ratio?

1. 0.231

2. 0.286

3. 0.769

4. 1.300