Yesterday, you purchased a Corporate AAA bond that has a 5.0% coupon, paid annually, and a face value of $1,000. Market yields for Corporate AAAs were 5.12% yesterday. Today the market yield on Corporate AAAs fell to 5.00% (from yesterday's 5.12%).

Question 1/6: True or False: If you had waited until today to buy the bond, you would have paid less for it.

2. True or False: If you purchased the bond today, you would pay par.

3. True or False: You would pay more today for the bond than yesterday because the denominator of each cash flow in the discounting formula would be smaller today than it was yesterday.

4. True or False: When you bought the bond yesterday, you bought at a premium, because the bond was paying a larger coupon than the market required (expected).

5. True or False: Based on the information given, we cannot not know yesterday's exact bond price, because we don't know the bond's term.

6. True or False: Based on the information given, we do know today's exact bond price.