5- A fixed-coupon bond has a Macaulay Duration of 10. Which of the following could possibly be the bond's Modified Duration? A 12 B. None of the answers here. C. 11 D. 7 6- A fixed income portfolio is invested equally among three zero-coupon bonds with maturities of 3 years, 5 years, and 10 years. What is the estimate Macaulay duration of the portfolio? A. 5.33 B. 7.25 C. Non of the answers D. 6 7- Matrix pricing allows investors to estimate market discount rates and prices for bonds: A. None of the answers here B. That are infrequently traded . C. That are highly liquid D. With different credit quality 8- An investor is considering the purchase of a 2 year bond with a 5.5% coupon rate, with interest paid annually. Assuming the following sequence of spot rate: 1 year , 4% and 2 year, 3% the yield to maturity of the bond is: A. 3.5% B. 3.03 % C. 3.98%