Bonds are securities that represent a debt owed by the issuer to the investor. obligate the issuer to pay a specified amount at a given date, generally without periodic interest payments. both A and B of the above. none of the above. QUESTION 2 Which of the following is true of mortgage interest rates? Longer-term mortgages have lower interest rates than shorter-term mortgages. Mortgage rates are lower than Treasury bond rates because of the tax deductibility of morigage interest rates In exchange for points, lenders reduce interest rates on mortgage loans. All of the above are true. Only A and B of the above are true