1a. Which of the following does the sensitivity of the bond price to the changes in interest rates depend on?

		Maturity of the bond
		Coupon rate
		Both maturity of the bond and the coupon rate
		None

`1b. Which of the following is correct when the Coupon Rate of a bond is equal to its Yield to Maturity?

		The price of this bond is equal to its face value.
		The price of this bond is higher than its face value.
		The price of this bond is lower than its face value.
		None.

1c. Which of the following is correct for stocks?

		Cash flows from stocks are known and guarranteed.
		Maturity of stocks is a specific known date.
		The quantity of cash flows (the number of payments) from stocks are unknown.
		End value of stocks are known.