10. Which of the following statements is TRUE? A. The APR is equal to the EAR for a loan that charges interest monthly. The APR is always strictly greater than the EAR for compounding more than once per year. C. The APR on a monthly loan is equal to (1+monthlyinterestrate)121. D. The EAR is the best measure of the actual rate you are paying on a loan. 11. Which of the following statements is TRUE? A. The balance sheet starts with net income and ends with net change in cash. B. Times Interest Earned, also known as the interest coverage ratio, provides a relative measure of how well a firm can service its debt. Price-earnings ratio reflects the book value per share per dollar of accounting earnings for a firm. J. Since Tesla's stock price is $240, that means the Tesla Corporation is twice as valuable as a company with a stock price of $120. 12. Other things equal, investors will require higher yields on, bonds with the following characteristics, except those which: A. Have less protective covenants B. Are secured with physical assets as collateral C. Have lower credit quality Are issued by companies nearing financial distress