Jensen \& Meckling (1976) argue that capital structure has important implications for conflict between stockholders and bondholders. Which of the following statements correctly describe Jensen \& Mecklings' arguments about these agency issues? (1) More debt in the capital structure makes it more difficult for managers to consume perquisites. (ii) More debt in the capital structure creates incentives for stockholders to invest in less risky projects. (iii) More debt in the capital structure creates increased interest obligations, which make it difficult for managers to retain funds in the firm. Only (iii) is true. Only til is true. Alt three are true. Onty (ii) and (iii) are true. Only (i) and (iii) are true. Question 13 5 pts Consider a coupon bond with a face value of $1,000, which pays 5.25% (annual) coupons, and will mature in 7 years. The bond is currently trading at 106.795% of par value. What is the yield-tomaturity (YTM) on the instrument