A bond sold at a premium reduces the cost of borrowing. True False All of the following are types of bonds (check all that apply) a. secured b. convertible 2 c. unsecured d. uncallable What is the quarterly interest expense of 5% 3 year bond with a face value of $10,000? $125 $500 $1,500 $375 Interest rates set on bonds are stated: a. as an annual interest rate b.as a quarterly interest rate C. as a semi-annual interest rate d. None of the above