If you buy for 100 a bond that pays 4.57 percent in annual ...

[tth]

If you buy for 100 a bond that pays 4.57 percent in annual interest and the current interest yield on the bond rises to 5.13 percent, then the price of the bond has fallen.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A price floor is binding when it is set
 a. above the equilibrium price, causing a shortage.
  b. above the equilibrium price, causing a surplus.
  c. below the equilibrium price, causing a shortage.
  d. below the equilibrium price, causing a surplus.

[14vl19]

Answer to Question 1

True

Answer to Question 2

b

[tth]

Excellent

[lkanara2]

Thanks for the timely response, appreciate it