Which statement is TRUE? a. A bond's YTM is fixed, but its coupon rate can change over time. b. A municipal bond (muni) represents borrowing by a state or local government entity. c. A bond will trade "at a discount" when investor's required return is less than the coupon rate d. When interest rates increase, bond prices increase - a direct relationship. Which gives the bondholder the right to exchange bonds for shares of common stock (so give u the bonds and trade them for common stock)? a. Warrant b. Convertible bond c. Puttable bond Six years ago you bought a bond for $850 with an original maturity of 15 years, a coupon rate 9% (paid annually), and a $1,000 par value. Today you want to sell the bond at its current pric of $900. What return did you earn (realized return)? DRAW A TIMELINE TO HELP!! a. 11.00% b. 11.33% c. 12.32% d. 12.72%