A) 20-year AA corporate bond. B) 20-year BBB corporate bond C) 20-year BB corporate bond D) 20-year Treasury bond E) none of the above. 2. Answer: () If the yield to maturity for a bond is less than the bond's coupon rate, then the market value of the bond is A) greater than the par value. B) less than the par value. C) equal to the par value. D) cannot tell 3. Answer: ( ) Which of the following statements is false? A) The coupon is the coupon rate times the par value. B) The bond's current required return is an APY or nominal rate for a year. C) The current yield equals the annual coupon payment divided by the closing dollar price. D) The yield to maturity (YTM) is the APR that equates the bond's market price to the present value of its promised future cash flows. E) none of the above. 4. Answer: () When all else is equal, interest rate risk is greater with Al a longer original maturity