2. Concepts and Definitions II: True or False? And Why? i) I cannot eliminate all credit risk in my bond with a full guarantee from an insurance company. ii) In a Treasury auction, noncompetitive bidders pay a higher price than competitive bidders. iii) When Congress changes the tax law so as to decrease marginal tax rates, the yield of municipal bonds will increase. iv) If investors of a particular bond expect a hundred percent recovery default probability of the issuer of such bond does not matter.