11. When a bond sells at a premium: (a) The contract rate is above the market rate

11. When a bond sells at a premium: (a) The contract rate is above the market rate

11. When a bond sells at a premium: (a) The contract rate is above the market rate (b) The contract rate is equal to the market rate (c) The contract rate is below
the market rate (d) It means that the bond is a zero coupon bond (e) The bond pays no interest 12. Dividend yield is the percent of cash dividends paid to common
shareholders relative to the: (a) Common stock’s market value (b) Earnings per share (c) Investors’ purchase price of the stock (d) Amount of retained earnings
(e)Amount of cash 13. The market value of a bond is equal to: (a) The present value of all future cash payments provided by a bond (b) The present value of all
future interest payments provided by a bond (c) The present value of the principal for an interest-bearing bond (d) The future value of all future cash payments
provided by a bond (e) The future value of all future interest payments provided by a bond 14. Bonds with a par value of less than $1,000 are known as: (a) Junk
bonds (b) Baby bonds (c) Callable bonds (d) Unsecured bonds (e) Convertible bonds 15. Bonds that have an option exercisable by the issuer to retire them at a
stated dollar amount prior to maturity are known as: (a) Convertible bonds (b) Sinking fund bonds (c) Callable bonds (d) Serial bonds (e) Junk bonds I need these
as soon as possible