1. At what point is an inter vivos trust considered to be funded? When the grantor:
a. dies
b. provides for the transfer of property to the trust in their will
c. transfer to the trust the title of the property in the trust
d. signs the trust document
2. What impact would you expect for a rise in the yield on a regular non-callable fixed coupon bond?
a) price falls, duration falls, convexity falls
b) price falls, duration falls, convexity rises
c) price falls, duration rises, convexity rises
d) cant be certain