Please help with the following:

QUESTION 21 With securitization, the wall between fixed income investors and the residential mortgage market is removed. As a result, home buyers no longer rely on depository institutions as their primary sources for debt nancing. This situation is called: 0 Globalization. 0 Disintermediation. O Deregulation. QUESTION 22 A bond that pays interest semiannually has a par value of $1,000, matures in 5 years, and has a coupon rate of 8%. What is the value of the bond ifthe yield to maturity is 10%? 0 $974.33. 0 $951.38. 0 $922.78. QUESTION 23 A coupon-bearing bond was purchased at par. Ifthe bond was held until maturity and interest rates fell during the period, the actual ex-post return would most likely be: 0 Higher than the YTM at time of purchase. 0 Lower than the YTM at time of purchase. 0 Equal to the YTM at time of purchase. QUESTION 24 Consider the following statements. Statement 1: Government bonds are issued in the primary market while corporate bonds are issued in the secondary market. Statement 2: A liquid secondary market allows investors to buy/sell bonds at a price close to their fair market value. Which of the following is most likely? 0 Only Statement 1 is correct. 0 Only Statement 2 is correct. 0 Both statements are incorrect. QUESTION 25 Consider a 10-year bond with semiannual coupon payments. The bond has a coupon rate of 8.5% and its yield-to- maturity is 9%. If the YTM remains constant during the bonds remaining term, over time the bond price is most likely to: 0 Increase. O Decrease. O Remain unchanged