1. Bonds issued by BB&C communications that have a coupon rate of interest equal to 10.65 percent currently have a yield to maturity (YTM) equal to 10.75 percent. Based on this information, what if anything, can be said about the price of these bonds in the financial markets?
a- They are selling at a premium
b- They re selling at par value
c- They are selling at a discount
d- Not enough information is given to answer this question
2. In contrast to competition, monopoly is inefficient because:
a- It is motivated by profit
b- It operates where prices is greater than marginal cost
c- It operates where marginal revenue is equal to marginal cost
d- It makes a profit in the ling run