7. What is a callable bond? How does the callability feature affect the bond's price and interest rate? (3pts) 8. What are bond covenants (give examples) and what role do restrictive covenants play in bond markets? (4pts) 9. What are ECNs? Give examples (3 pts) 10. Explain the difference between Federal Open Market Operations and Quantitative Easing? (4pts) 11. In your own words, explain the fundamental analysis of security analysis and technical analysis and what are the differences. (4 pts)