Which of the following is NOT a part of the over-the-counter market?

Question 1 options:

1)	the Nasdaq

2)	the pink sheets

3)	the OTC Bulletin Board

4)	the New York Stock Exchange

Morgan would like to purchase a bond that has a par value of $1,000, pays $80 at the end of each year in coupon payments, and has 10 years remaining until maturity. If the prevailing annualized yield on other bonds with similar characteristics is 6%, how much will Morgan pay for the bond?

Question 6 options:

1)

$1,000.00

2)

$1,147.20

3)

$856.80

4)	None of these are correct.

At a given point in time, the price of a credit default swap contract should be ________ related to the default risk of the securities covered by the contract. For a given set of securities that are covered by a credit default swap, the price of the contract should be _______ related to the default risk as it changes over time.

Question 8 options:

1)	positively; positively

2)	positively; inversely

3)	Inversely; positively

4)	inversely; inversely