1.Yield to maturity on a bond with price equal to its par value will ________.

a. be more than the coupon rate

b. always be equal to the coupon rate

c. be less than or equal to the coupon rate depending on the required return

d. be less than the coupon rate

2. The price of a bond with a fixed coupon rate and the required return have a relationship that is best described as ________.

		a. direct
b.		inverse
c.		perfect positive correlation
		d. constant