1. The most common measure of return on a callable bond would be its
(a) current yield. (b) return on average investment. (c) yield-to-maturity. (d) coupon yield. (e) yield-to-call.
2. The yield-to-maturity for corporate bonds is typically done by assuming that compounding is:
(a) semi-annual. (b) monthly. (c) annually. (d) quarterly (e) continuous.