True or False A credit spread is the difference between the contract return and the risk free rate.

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b$.$ A put option is the right to buy a treasury bond at a strike price anytime between now

and maturity of option. $\_\_\_\_\_\_\_\_$

c$.$ Credit Default Swaps are essentially insurance against a default. $\_\_\_\_\_\_$

d$.$ Duration decreases when maturity increases. $\_\_\_\_\_\_\_$

e$.$ Black Scholes model assumes volatility is constant. $\_\_\_\_\_\_\_$

f$.$ A call option is the right to buy a treasury bond at a strike price anytime between now

and maturity of option. $\_\_\_\_\_$

g$.$ The average recovery rate on senior debt from a bond in default is between $30-40\%.$

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h$.$ Futures contracts are not traded on an organized exchange. $\_\_\_\_\_\_$

i$.$ Credit spreads increase as the probability of default decreases. $\_\_\_\_\_\_\_$

j$.$ A zero coupon bond will have a duration equal to maturity.