Which of the following is true regarding the present value of a loan? The present value of a loan will equal the future value of all payments compounded at the effective loan rate. The present value of a loan will be greater than its expected future value at the end of the loan term. The present value of a loan will be greater than the par value of the expected future cash flows, compounded at the prime rate. The present value of a loan will equal the amount of borrowed money requested by the borrower. Which statement regarding bonds is true? A 20-year, 13\% coupon bond has less reinvestment rate risk than a 20-year, 7\% coupon bond (assuming all else is equal). The price of a 30 -year, 8% bond is less sensitive to changes in interest rates than the price of a 10 -year, 8% bond. 15-year zero coupon bonds have higher reinvestment rate risk than 15-year, 9\% coupon bonds. A $1,000 bond with $100 annual interest payments that has 10 years to maturity and is not expected to default would sell at a premium if interest rates were below 8% and at a discount if interest rates were greater than 12%