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1.
Most bonds are sold through _______.
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The over-the-counter market. This market includes the NASDAQ and is the principal venue for selling bonds.
2.
The highest credit rating a bond can receive is _______.
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AAA. AAA is the highest credit mark a bond can receive.
3.
The face value of a bond is known as its _______.
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Par. In bond language, par means face value.
4.
US Treasury bonds bought over the counter have no transaction costs.
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False. Treasury bonds bought over the counter may have a small, additional flat fee.
5.
Bonds in a unit investment trust remain fixed for the life of the trust.
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True. The bonds in the trust remain fixed.