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An indenture for a corporate bond would NOT include: Early redemption features A list of all bonds previously issued by the corporation A description of

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An indenture for a corporate bond would NOT include: Early redemption features A list of all bonds previously issued by the corporation A description of any pledged collateral the interest payment dates A bond is selling at a premium. This indicates that: the yield to maturity is greater than the nominal yield the market price is less than the par value Interest rates have decreased since the bond was issued the nominal yield is less than the current yield Which of the following CMOs has the MOST prepayment risk? Sequential pay tranches Accrual or Z Tranches Planned amortization class (PAC) tranches Support or companion tranches Which of the following securities is NOT guaranteed by the U.S. government? Treasury notes Treasury Bills Government National Mortgage Association (Ginnie Mae) certificates Federal National Mortgage Association (Fannie Mae) bonds

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