Question: Which assertions about statement 1 and statement 2 is true? Statement 1: 10,000 bonds sold by Echo Corporation were bought by a variety of investors.

 Which assertions about statement 1 and statement 2 is true? Statement

Which assertions about statement 1 and statement 2 is true? Statement 1: 10,000 bonds sold by Echo Corporation were bought by a variety of investors. If Echo received $10 million from the sale of these bonds, then bonds were more likely sold on the primary market than on the secondary market. Statement 2: Bonds issued by Foxtrot have a face value of S1,000 and pay annual coupons with the next coupon due in 1 year. If the price of the bond is greater than $1,000, then the bond's coupon rate isless than its YTM. Statement 1 is false and statement 2 is false. A. Statement 1 is true and statement 2 is false. B. Statement 1 is true and statement 2 is true. C. Answer is not listed or is not possible D. Statement 1 is false and statement 2 is true. E

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