True or False:

7. All bonds are scheduled to be repaid in entirety to bondholders at maturity. 8. Bonds issued by the U.S. government are considered to be generally free of default risk. 9. A requirement of a company to provide audited financial statements to a lender is an example of a negative protective covenant. 10. For tax purposes, the issuer of a zero-coupon bonds deducts interest every year even though no interest is actually paid. 11. In the bond market, the difference between the bid and asked prices of a security represent the dealer's profit. 12. Less-liquid bonds will have lower yields than more-liquid bonds.