Chapter 13: Interest rates and bond valuation: Multiple choice questions: Multiple choice questions. Try the multiple choice questions below to test your knowledge of this chapter. Once you have completed the test, click on 'Submit Answers for Grading' to get your results. To determine the present value of a bond that pays semiannual interest, which of the following adjustments should not be made to compute the price of the bond? The par value should be split in half. In the ____ strategy, funds are allocated to bonds with a short term to maturity and bonds with a long term to maturity.