a20 The expected yield on junk bonds is higher than the yield on AAA rated higher default risk associated with junk bonds A) True n) False a21 A bond issued by Liberty, Inc. 10 years ago has a coupon rate of 8% and a face value of The bond will mature in 15 years What is the present value to an investor with a required return of 12.5% A) $800.00 B) $750.86 C) $658.94 D) $701.52 Q22 The interest on corporate bonds is typically paid A) Annually B) Semiannually C) Quarterly D) Monthly ial enunon rateof 65%. The