Answer:
D) has a market price that exceeds par value
Explanation:
Option A, incorrect, because duration is not less than 1 always and here duration might be less than or equal to maturity.
Option B, incorrect, the face value is less than market value in premium bond.
Option C , incorrect, because a premium bond could be non callable
Option D, correct, because market value of of bond is higher than par value on premium bond.
Option E, correct, it is a discount bond when price is less than par value
Answer:
C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.
When it comes to investing, the typical relationship between the risks and returns was that the greater the potential risk, the greater the investment return an investor will get. That is why investments are very risky, and an investor must be a risk-taker to attain such success.
Answer:
False
Explanation:
It is not true that, simply because you are a good driver, you should not purchase comprehensive insurance for your new car. Good drivers are still at risk of being in an accident. Moreover, this can be even more complicated if you have not finished paying for your car. If your car were to be declared a total loss in a crash, you would most likely still need to make car payments. Therefore, the best strategy to follow would be to pay for very comprehensive insurance that allows you to pay for your loss, as well as continue making payments on your car.