1. A bond you purchase has a provision that allows the issuer to repurchase the debt if it reaches a certain price. This is an example of a(n): call provision
   • convertible provision
     • repurchase provision
     • sinking fund provision
2. You purchase a 10 year 12% semiannual bond with a YTM of 11% and a face value of $10,000. What is the value of the first payment youll receive from the bond?

		$1200
		$1100
		$600
		$550

3. You purchase a bond that was designed and issued to raise funds for repairing Main Street downtown. The type of bond you purchased is most likely a:

• foreign bond

• municipal bond

• treasury bond

• corporate bond