Please answer all questions.

21) A pays the owner a fucoupon value is repaid A) discount bond, face coupon bond, face the maturity when the B) coupon bond: discount D) discount bond: discount 22 a 5.000 coupon bondhasa r te 13 then the coupon payment every year A) $130 B) 51,300 C) $13. D) 650 22) The interest rate that equates the value od m ents received from a debt instrument with its valus today is the A) yield to maturity. B) real interest rate. current yield D) simple interest rate. 24) The of a coupon bond and the yield to maturity are inversely related A) maturity date B) term C) price D) par value 25) Which of the following $1,000 face-value securities has the highest yield to maturity? A) a 5 percent coupon bond with a price of $1,200 B) a 5 percent coupon bond with a price of $1,000 C) a 5 percent coupon bond with a price of $600 D) a 5 percent coupon bond with a price of $800 26) A coupon bond that has no maturity date and no repayment of principal is called a A) consol. B) Treasury bill. C) cabinet D) Treasury note 27) The price of a consol equals the coupon payment A) divided by the interest rate. C) minus the interest rate. B) times the interest rate. D) plus the interest rate. 28) A consol paying $20 annually when the interest rate is 5 percent has a price of A) $100. B) $200. C) $400. D) $800. 29) A discount bond is also called a because the owner does not receive periodic payments, A) corporate bond B) zero-coupon bond C) consol D) municipal bond 30) What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $900 next year? A) 10 percent B) -10 percent C) -5 percent D) 5 percent 31) I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 8 percent I hold this bond to maturity, then my return on this asset is A) 8 percent B) 10 percent C) 12 percent. D) there is not enough information to determine the return bonds are more volatile than those for bonds, everything else held 2) Prices and returns for constant A) long-term; long-term C) short-term; long-term B) short-term; short-term D) long-term; short-term