1. The relationship between a bonds price and the yield to maturity:A. changes a

1. The relationship between a bonds price and the yield to maturity:A. changes at a constant level for each percentage change of yield to maturity.B. is an inverse relationship.C. is a linear relationship.D. has no relationship.2.The longer the time to maturity:A. the greater the price increase from an increase in interest rates.B. the less the price increase from an increase in interest rates.C. the greater the price increase from a decrease in interest rates.D. the less the price decrease from a decrease in interest rates.3. What is the approximate yield to maturity for a seven-year bond that pays 11% interest on a $1000 face value annually if the bond sells for $952?A. 10.5%B. 10.6%C. 11.9%D. 12.0%4. A higher interest rate (discount rate) would:A. reduce the price of corporate bonds.B. reduce the price of preferred stock.C. reduce the price of common stock.D. all of the above