10) Which of the following statement(s) is/are true? I. Selling a call option is not the same as buying a put option. II. Prior to maturity, an American option will always cost more than a similar European option. III. A registered bond has higher YTM compare to a similar bearer bond. a) I only d) I and III only b) II only e) None of the above answers c) III only 11) Which of the following statement(s) is/are false? 1. For a bearer bond, possession is evidence of ownership. II. If an option is out of the money, then the holders should exercise it to capitalize the gains. III The vast majority of new international bond offerings make floating coupon payments. a) I only d) II & III b) Il only e) None of the above answers c) III only 12) Which of the following statement(s) is/are false? 1. When you buy from the dealer, you transact at the ask price. II. The dealer will offer higher bid-ask spread if the security is more risky. III. This is a possible quote from a dealer: bid price of S1.1250/ and ask price of $1.1150/ a) I only d) I and III only b) II only e) None of the above choices c) III only 13) According to this exam's instructions, the student can do the following communication(s) about this exam 1. skypes with a tutor II. whatapps with a classmate III. seeks help in a discussion board a. I only d. I, II & III b. Il only e. None of the above choices c. III only