TRUE OR FALSE?

23) A partially amortized bond has a fixed payment schedule that reduces the bonds outstanding principal amount to zero at maturity?__________

24) If you thought interest rates were going to increase it would be best to purchase a fixedrate bond?__________

25) Bonds with step-up coupons incentive the issuer to call the bond before the coupon rate increases to avoid paying a higher interest expense?__________

26) Zero coupon bonds pay a fixed coupon annually?__________

27) If you're worried about inflation, you would purchase TIPS?__________

28) When an issuer sells callable bonds with an American-style call, they have the right to call the bond only once on the call date?__________