Question 1: The contract interest rate and effective interest rate are always the same.

1. True
2. False

Question 2: What is not necessary to complete a bond amortization schedule?

1. Face value
2. Life of the bond
3. Frequency of interest payments
4. Total value of other bonds issued by the company

Question 3: Which of these is not a macro security level?

1. Enable all macros
2. Disable all macros with notification
3. Disable all macros temporarily
4. Disable all macros without notifications

Question 4: You must turn on worksheet protection to make locked cells unavailable to users.

1. True
2. False

Question 5: The type argument is optional in PV functions; it should be set to 1 if payments are due at the beginning of each period.

1. Ture
2. False