True or False

1 In the steps a company takes to prepare for an IPO, the "road show" precedes the "bake-off".

2 The only reason why the price would fall on a corporate bond is if market interest rates increase.

3 After issue, the market price of a fixed-rate bond can differ substantially from its par value.

4 Bond investors should be more concerned with real returns than with nominal returns.

5 Investment-grade bonds are usually defined as bonds with ratings of BBB-or higher.

6 Private equity firms comprise a relatively insignificant portion of the American economy.