What is the total return to an investor who buys a bond for $1,155 when the bond has a 11.50% coupon rate and 3 years remaining until maturity, then sells the bond after 1 year for $1,135?

The interest expense each period is calculated as the carrying value times the market interest rate

a. true b. false

Agency agreements that will last up to six months must be in writing according to the statute of frauds

Indicate whether the statement is true or false