True or False?

1. In comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders.

2. Bonds that require payment of the full principal at a single maturity date are known as term bonds.

3. Most bonds require payment of the full principal at a single maturity date.

4. The rate of interest specified in a bond contract as the interest rate to be paid by the company to investors in the bond is known as the market rate.

5. The amortization schedule for a bond issued at a discount has a carrying value that increases over time.

6. The carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity.

7. When interest rates go down, bond prices go up.