$2.$ When yields bond prices

a$.$ fall; rise

b$.$ fall: fall

c$.$ Increase increase

d$.$ decrease; decrease

$3.$ John bought a share of mutual fund ABC for $$25$ when NAV per share was $$27$ And when John said his share the market at price was $$30$ and NAV $$31$

a$.$ This is an closed$-$end fund, because NAV per share and market price per share differ

b$.$ This is an open$-$end fund, because NAV per share and market price per shore gifted

c$.$ John's holding period return $($HPR$)$ is $14\mathrm{.}81\%$

d$.$ John's holding period return $($HPR$)$ is $12\mathrm{.}9\%$

$4.$ Johan and Susan discussed investments into mutual funds. Johan claims that shares of open$-$end fund can trade prices that deviate from NAV. Susan states that shares of closed$-$end fund can sell only at NAV.

a$.$ Both Johan and Susan are incorrect

b$.$ Both Johan and Susan are correct

c$.$ Johan is correct and Susan is incorrect

d$.$ Johan is incorrect and Susan is correct.