The yield to maturity on long-term bonds
A) is set by the indenture agreement and will not change over the life of the bond.
B) is equal to the current yield if the bond is selling for face value.
C) is equal to the coupon rate on the bond.
D) is equal to the net present value of the bond's future cash flows.
B
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If a fire destroys an office building that has been listed for sale, the offer is automatically terminated due to ________
A) supervening illegality B) death or incompetency of the offeror C) destruction of the subject matter D) lapse of time
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