Bonds are a form of ________, with bond prices and interest rates that move in _________ .

	a.	equity; the same direction
	b.	equity; opposite directions
	c.	debt; the same direction
	d.	debt; opposite directions
	e.	equity/debt split; sometimes the same direction and sometimes opposite directions

If the yield to maturity on a bond is greater than its coupon rate, then

	a.	the corresponding bond price will be greater than its par (face) value.
	b.	the corresponding bond price will be equal to its par (face) value.
	c.	the corresponding bond price will be less than its par (face) value.
	d.	the corresponding stock price will be greater than the bond price.
	e.	the corresponding stock price will be less than the bond price.

__________ stocks are those whose prices tend to move independently or counter to the economy, while ________ stocks tend to move with the economy.

	a.	cyclical; defensive
	b.	defensive; cyclical
	c.	growth; income
	d.	income; growth
	e.	balanced; growth