Nick Bosch has prepared the following list of statements about bonds.

Identify each statement as true or false.

1.Bonds are a form of interest-bearing notes payable.select between True and False

True

False

2.Secured bonds have specific assets of the issuer pledged as collateral for the bonds.select between True and False

True

False

3.Secured bonds are also known as debenture bonds.select between True and False

True

False

4.A conversion feature may be added to bonds to make them more attractive to bond buyers.select between True and False

True

False

5.The rate used to determine the amount of cash interest the borrower pays is called the stated rate.select between True and False

True

False

6.Bond prices are usually quoted as a percentage of the face value of the bond.select between True and False

True

False

7.The present value of a bond is the value at which it should sell in the marketplace.