Consider a coupon bond that sold at par value two years ago. If interest rates are much lower now than when this bond was issued, the coupon rate of that bond will likely be ____ the prevailing interest rates, and the present value of the bond will be ____ its par value

Perfection ________ is a situation where the creditor does not have to file a financing statement or take possession of the goods to perfect a security interest

A) by possession of collateral B) by attachment C) by claim D) without statement

Jeane signs a promissory note to pay $5,000 to Naresh. Naresh negotiates the instrument and indorses it to Dolph. Dolph changes the payment amount to $50,000 and negotiates the note to Nicholas. Nicholas indorses the note and negotiates it to Mack

Nicholas and Mack are both unaware of Dolph's alteration. At this point, who has primary liability over the note? A) Nicholas B) Dolph C) Naresh D) Jeane