A passive strategy of bond investing consists of buying bonds for the long term and not selling them until maturity

Top management's reaction to a difference between budgeted and actual sales often depends on

a) the materiality of the difference. b) whether management anticipated the difference. c) the personality of the top managers. d) whether the difference is favorable or unfavorable.

A bond's current yield is equal to the interest payment divided by par value

Indicate whether the statement is true or false.