12. Among other things, yield to maturity

	a.	depends on the number of years to maturity
	b.	depends on the purchase price
	c.	depends on the coupon rate
	d.	all of the above

13. According to the Gordon Model, the value of a common stock is the future value of expected dividends

True

False

14. The approximate yield to maturity of a bond is equal to

	a.	average return/ average price
	b.	average return/purchase price
	c.	(I+M-P)/(M+P)/2
	d.	both b and c