Which one of the following directional strategies is most frequently used in corporations?

Monte Miller buys a television from Discount Electronics on credit. Discount gives a written assignment of the debt to Metro Finance Co, but neglects to mail notice of the assignment to Miller until a few months later. In the meantime, Metro assigns the debt to Live Finance Co, which immediately sends notice of it assignment to Miller. Discount refuses to cooperate with either Metro Finance or Live Finance in collecting the debt. Which of the following statements is TRUE?

A) The assignment to Live is unenforceable because it was fraudulent. A creditor cannot assign the same debt twice. B) The assignment to Live is unenforceable because it is not complete and unconditional. C) The assignment to Metro takes precedence over the one to Live because it was made first. D) The assignment to Live is enforceable as an equitable assignment. E) The assignment to Live takes precedence over the earlier one to Metro because Live gave notice to Miller first.

The duration of a bond will increase as the time to maturity ________ and/or as the YTM on the bond ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases