4. What is NOT a difference between a standard bond and a standard consumer loan? A single bond issue is likely to be sold to many lenders, whereas a consumer loan will likely only have a single lender Individual bonds can easily be bought and sold, whereas indvidual consumer loans are usually only sold in packages of many loans Only corporations can issue bonds, whereas only consumers can take out loans Bond principal is usually only paid at maturity, whereas principal is repaid over time on consumer loans None of the above

The annual amount of interest paid on a bond as a percent of the bond's principal is best described by the: Par Value Coupon Rate Maturity Date Yield-to-Maturity None of the above

Which of the following is true of the bond market? Bond brokers faciliate the buying and selling of most bonds Once a bond is purchased, it can never be sold The total dollar value of most bond trades is smaller than most stock trades Most bond trader are individual investors None of the above