Please help with the following questions:

QUESTION 44 Consider the following statements. Statement 1: All other things remaining the same, a bond with higher convexity will outperform one with lower convexity in both bull and bear market Statement 2 Callable bonds exhibit negative convexity at low yields, but tradisional fixed-rate bonds and putable bonds exhibit positive convexity at all yield levels. Which of the following is most likely Only Statement 1 is correct Only Statement 2 is correct. Both statements are correct QUESTION 45 A 10-year corporate bond is currently trading at $103.45. Improvement in economic conditions has caused the yield spread on the bond to narrow by 200 bass points. Given a modified duration of 62 and a conversity of 725 the return impact on the bond is closest to -10.95% 124191 13.85% QUESTION 46 A 180-day U.S. T-bill with a face value of 51,000 is issued at a discount rate of 8% (for a 360-day year). The bond equivalent yield for this security is dosest to: 8.00 8.454 8.11% QUESTION 47 In the U.S. Treasury securities are sold to investors via: Private placements Auctions Best effort offerings QUESTION 48 When the market discount rate increases, the value of a traditional, fixed-rate bond: Increases Stays the same Decreases. QUESTION 49 Which of the following statements regarding the single monthly mortality (5MM) rate and the conditionat prepayment rate (CPR) is most correct? CPR is the annualized SMM, and is equal to SMM times 12 CPR is the percentage of the initial loan amount that is prepaid during the year. SMM is the percentage of the loan balance at the beginning of the month that is prepaid during the month