Read the statements below.

(i) Yield to maturity equals the contemporaneous market interest rate for those investments with similar risk.

(ii) A bond with covenants is the safest type of corporate bond.

(iii) The expectation hypothesis explains why the yield curve is generally upward sloping.

Which of the following is correct?

		a. Only (i) is correct.
		b. Only (i) and (ii) are correct.
		c. All are correct.
		d. None is correct.