Pick the best answer for each of the following:

1. The bond agreement that spells out everything in regard to the bond is called the:

a. Indenture

b. Bond agreement

c. Contract

d. Callable bond

2. When the market rate of interest decreases, the bond value will _______ if you want to sell.

a. Increase

b. Decrease

c. Remain the same

d. Not enough information

3. Which rate provides the highest rate of return for an investment?

a. 9.06% (quarterly)

b. 9.38%

c. 9.00% (monthly)

d. 9.17% (semi-annual)