Question 1 1 pts If interest rates rose, would you be happier if you have a low-coupon bond or a high-coupon bond? O Low-Coupon Bond High-Coupon Bond Question 2 1 pts What is the Yield to Maturity (YTM) for a bond? O The rate that is used to determine the bond's coupon payments O The promised interest payments The discount rate that makes the PV of the bond's promised payments equal the bond's par value The discount rate that makes the PV of the bond's promised payments equal the current price Question 3 1 pts What is a bond? O A fixed income security with contractually defined cash flows O An ownership interest in a business Question 4 1 pts What is the price (per $100 of face) of a semi-annual coupon bond with a $1,000 face, 6% coupon, 7% yield to maturity, and 15 years to maturity. O $90.89 O $109.71 0 $90.80 O $109.80