8. Pure discount bonds have which of the following features? a) the bonds can sell for less or more than the principal value b) the bonds pay coupon interest c) the bonds never mature d) the bonds pay no coupon interest 9. A city government is considering building a parking deck to be paid for by user fees. To analyze the wisdom of this investment, a financial analyst would use which of the following techniques? a) Fiscal impact analysis b) Net present value analysis c) Cost-effectiveness analysis d) Cash flow analysis 10. Investment grade bonds have the following ratings by Standard and Poor's/Fitch/Kroll and Moody's, respectively: a) AAA/Aaa b) AA/Aa or higher c) BBB/Baa or higher d) BB/Ba or higher 11. In choosing a method to finance capital improvements, finance officials should be aware of three guiding principles: a) general obligation, limited liability, and revenue b) revenue, resource, and reclamation c) equity, effectiveness, and efficiency d) underwriting, issuing, and managing