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Bonds 103: Buying Bonds

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1.
New US Treasury bonds are offered only four times a year.
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True. You can only buy bonds directly from the Federal Reserve during the first half of February, May, August, and November.
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.
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.
4.
The more bonds you buy in one sale, the less you will pay in markup costs.
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True. Markups are generally lower for large sales than for small ones.
5.
The face value of a bond is known as its _______.
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Par. In bond language, par means face value.