1. The interest payment based on the face value of a bond is called______________ interest. 2. As the maturity date of a bond lengthens, the interest rate_____________. 3. When a bond is sold at an...

1. The interest payment based on the face value of a bond is called______________ interest.

2. As the maturity date of a bond lengthens, the interest rate_____________.

3. When a bond is sold at an amount in excess of its face value, it is sold at a(n)________________.

4. A(n)_______________ is an unsecured bond.

5. A(n)_________________ bond pays interest only if the issuer has earnings.