With perfect capital markets, the total value of a firm should not depend on its capital structure.

Question $13$ options:

a$)$ True

b$)$ False

Characteristics of Sovereign Debt are:

Question $7$ options:

a$)$ It is issued by both federal and provincial $($state$)$ governments

b$)$ It is issued by a national government and sold to financial market distributors in the primary market.

c$)$ The primary offering of Government of Canada bonds are made available to all potential investors.

d$)$ Sovereign debt is restricted to marketable bonds that trade actively in the secondary market.

e$)$ All Government of Canada long$-$term bonds are issued with fixed coupons and pay interest on a semi$-$annual basis.