TRUE/FALSE

1.1 Longer term to maturity bonds are less volatile or sensitive to interest rate changes than shorter term to maturity bonds.

1.2 In a secondary market transaction, the funds move from a buyer of the security to the seller of the security rather than to the issuer of the security. The issuer of the security is only interested in the price at which the securities were sold.

1.3 The marketability characteristic of an asset refers to the speed with which the asset can be converted into cash without loss of value.

1.4 The preemptive right is the right of bond investors to receive interest payments without interruption when a firm incurs net losses.