10%. a. True b. False 19. Thevicld to maturity of a bond is the discount rate that makes the present valuc of the coupon and principal payments cqual to the price of the bond. a. True b. False 20. Ifa bond's coupon rate is higher than the market rate of interest, then the bond will sell a. At a discount b. At a premium c. At par value 21. In calculating the current price of a bond paying semiannual coupons, one needs to: mber of years for the number of payments made a. Use half the hu b. Use double the number of years for the number of payments made c. Use the semiannual coupon d. Use the semiannual rate as the discount rate (interest rate) e. B, C, and D 22. Which one of the following statements about zero coupon bonds is NOT true? a. Zero coupon bonds have no coupon pymts but promise a single payment at maturity b. Zero coupon bonds must sell for less than similar bonds that make periodic coupon C. Zero coupon bonds make coupon payments but no principal payment at d. All of the above pymts