Please answer the True or False questions.

o 10. The first zero-coupon bond appeared before 1980. 0 o 11. It is fair to say that the market sets a bond's yield-to-maturity. O 0 12. If a bond's coupon rate its par value. 13. The highest credit rating for Standard and Poor is Aaa. o O o O 14. Bond downgrades are less common than bond upgrades. O O 15. Bonds were originally issued as registered bonds. O O O O 16. If a bond has a 20-year maturity, a coupon rate of 6%, a yield-to-maturity of 5% and a par value of $1000, its price > $1100. 17. If a zero-coupon bond has a 10-year maturity, a 7% yield-to-maturity and a par value of $1000, its price