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2. A liquid secondary bond market allows an investor to readily sell a bond at
a. the desired price
b. a price at least equal to the purchase price
c. a price close to the bonds fair market value
3. The type of bond issued by Freddie Mac is best described as a
a. municipal bond b. government bond c. agency bond d. corporate bond
4. Relative to U.S Treasury securities, corporate bonds with similar characteristics most likely trade at a yield that is
a. higher b. lower c. the same
5. Treasury securities with a maturity at issuance shorter than one year are most likely
a. floating-rate notes b. zero-coupon bonds c. coupon bonds
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