Related to definition of Bond, Coupon rate, Par value, answer the following:

1-a. A bond security is:

A. Ownership B. Debt C. Participates in company ownership D. All of the above

1-b. IBM 3.75% due 2012 is one of the following:

a. Zero coupon bond b. Government backed security c. Corporate bond d. Both a and c

1-c. Sears 4% due 2012 price 98.55:

a. Yields 4% b. Yields more than 4% c. Yields less than 4%