1. You have invested in a bond where the coupon is 5.5% and the YTM is 5%. Therefore, you expect the present value of the bond to be less than the face value of the bond (a discount bond)

   True

   False

2. A bond is currently selling for $1200, with a coupon of 4.5% semi-annual. If two months are remaining to the next semiannual coupon payment then the accrued interest amount is $15 ( approx.)

   True

   False

3. Due to your parents anniversary you couldnt attend the shareholder's meeting for Phoenix Inc.. So, you authorized your brother who also holds shares of the company to vote on your behalf. This is an example of proxy voting.

   True

   False