19) You can be sure that a bond will sell at a premium to par when a) Its coupon rate is greater than its YTM b) Its coupon rate is less than its YTM c) Its coupon rate is equal to its YTM d) Its current yield is equal to its YTM e) Its current yield is greater than its YTM 20) An investor purchases a long call option at a price of $2.50. The strike price is $35. If the current stock price is $35.10, what is the break-even point for the investor? a) $32.50 b) $35.00 c) $37.50 d) $37.60 e) None of the above 21) A put option on Sanders stock with a strike price of $35 is priced at $2 per share, while a call with a strike price of $35 is priced at $3.50. The maximum per-share loss to the writer of an uncovered put , and the maximum per-share gain to the writer of an uncovered call is a) $33/$3.50 b) $3.50 / $33 c) $35/$3.50 d) $35/$35 e) $32 / $35