true or false

11. When the market rate of interest is higher than the contract rate of interest the bond will sell at a premium.

12. Bonds are always issued at face value.

13. Installment notes require equal cash payments that include principal and interest to the lender at regular intervals.

14. A line of credit enables a company to borrow or repay funds as needed.

15. A business must carefully weigh the benefits and drawbacks of debt vs. ownership financing.