1a. Technical analysts use past prices to predict future price movement and they assume that markets are:

a. both weak-form and semi-strong-form efficient

b. weak-form inefficient

c. semi-strong-form inefficient

1b. As compared with bonds selling at par, deep discount bonds will _____________________ and will have ___________________ duration.

a. suffer capital losses; smaller

b. enjoy capital gain; smaller

c. suffer capital losses; greater

c.enjoy capital gains; greater