5. (i) The duration of a coupon bond with maturity 10 years is (a) equal to 10. (b) less than 10. (C) greater than 10. (d) cannot be determined without knowing the coupon rate. (e) cannot be determined without knowing the coupon frequency. (ii) Which of the following statements is least accurate? (a) An American put is always more expensive than a European put. (b) An American call is the same as a European call if the underlying pays no dividends. (c) An American call is more expensive than a European call if the underlying pays dividends. (d) All of the above are accurate. (iii) An investor shorts a put on a stock selling for $60, with a strike price of $55 for a $5 premium. The maximum gain is: (a) $5. (b) $50. (c) $55. (d) $60. (iv) Which of the following is the riskiest single-option position? (a) long the call. (b) long the put. (c) short the call. (d) short the put. (v) An investor will make a net profit from a call option when the price of the stock is: (a) above the strike price. (b) below the strike price plus the premium. (c) above the strike price plus the premium. (d) at the strike