Please answer all the question in regards to bonds and premiums.

1) Historically, high default premiums have been associated with

a. economic recessions.

b. economic boom periods.

c. generally rising interest rates.

d. the number of bonds rated by Moody's and Standard & Poor's.

2) Which bond return or yield measure addresses the fact that the reinvestment rate on coupons received may be different from the bond yield?

a. Yield to maturity.

b. Total return.

c. Realized yield.

d. Expected yield.

3) If market interest rates fall after a bond is issued, the

a. face value of the bond increases.

b. investor will sell the bond.

c. market value of the bond will increase.

d. market value of the bond will decrease.

4) When a bond's coupon rate is equal to the market rate of interest, the bond will sell for

a. a discount.

b. a premium.

c. par.

d. a variable rate.