1. Which bond is most exposed to reinvestment rate risk?
An 8-year bond with a 9% coupon.
A 2-year bond with a 15% coupon.
A 3-year bond with a 10% coupon.
A 10-year zero coupon bond.
A 10-year bond with a 10% coupon
2. Which of the following items is not a current asset?
Accounts receivable
Inventory
Bonds
Cash
All of these are current assets.