Question 1 1 pts All else equal, the more patient investors are, the higher interest rates are. higher asset prices are. higher inflation is lower asset prices are. Question 3 1 pts Assume the term structure is upward sloping. All else equal, if long term bonds become more liquid, we would expect : Interest rates increase at all maturities the term structure to become less steep the term structure to become steeper Interest rates to decrease at all maturities Question 4 1 pts Use the bond term's below to answer the question Maturity 7 years Coupon Rate 3% Face value $1,000 Annual Coupons The bond is callable in year 4 The call price is $1,030 The interest rate in period 4 is 1% If the firm calls back the bond, how much does the firm save or lose? $30.26 $26.14 $31.56 $27.45 $28.82