Which of the following statements about bonds is true?
A) As the maturity date of a bond approaches, the market value of a bond will become more volatile.
B) Long-term bonds have less interest rate risk than do short-term bonds.
C) Bond prices move in the same direction as market interest rates.
D) If market interest rates are above a bond's coupon interest rate, then the bond will sell below its par value.
Answer: D
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Which of the following is not a prohibited misleading statement under the MARS Rule?
a. Stating that the consumer is not obligated to make scheduled payments b. Stating that the consumer's lender may not agree to change the loan even if the consumer accepts an offer of assistance c. Stating that the consumer will receive legal representation d. Stating that the provider has completed services and should be paid
The ________ doctrine holds that courts should apply the law of the state that has the most interest in determining the outcome of the dispute
A. act of state B. vested rights C. most significant relationship D. governmental interest