1. Which of the following are true regarding credit scoring systems? Lower scores are better than higher scores. Scoring systems are based on statistical studies. Credit unions calculate and sell credit scores to lenders. Females receive higher score than males. All of the above.
2. A 3-year bond with $1000 par pays 6% annual coupon semiannually. The semiannual yield for the bond is 5%. Calculate the bond price.