16. Below are some statements about financial markets. Which one of them is true? a) A bond is a long-term security that promises to make periodic payments called dividends to the firm's residual claimants. b) A debt instrument is long term if its maturity is ten years or longer A debt instrument is intermediate term if its maturity is less than one year The maturity of a debt instrument is the time (term) that has elapsed since it was issued. 5- The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the initial price, none of the above. the increase in price over the year, divided by the interest rate. the increase in price over the year, divided by the face value. Bo brak