5. You want to buy T-bills. Do you look at BID or ASK? A. BID B. ASK C. Either will do D. I honestly do not know 6. Find the YTM for a 12% coupon, 4-year bond with a face value of $1000, selling at $1,120 and assuming semi-annual coupon. A. 4.20% B. 12.00% C. 8.35% D. 8.41% E. None of the above 7. A bond has a duration of 10 . If the yield of maturity of the bond increases by 1% from its original level, the bond price will change by: A. +10% B. 10% C. +1% D. 1% E. None of the above