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1. Which of the following bonds typically has the highest yield to maturity? a. A 3-month T-bill b. A 10-year T-note c. A 10-year corporate

1. Which of the following bonds typically has the highest yield to maturity?

a. A 3-month T-bill

b. A 10-year T-note

c. A 10-year corporate bond with AA credit rating

d. A 10-year corporate bond with CCC credit rating

2. A two-year Treasury note with $1000 maturity value pays $25 semi-annual coupons, it currently sells for $956.42. What is the duration of this T-note?

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