7. The price quotations of T Bonds in the WSJ show an ask price of 104.08 and a bid price of 104.04. As a seller of the bond what is the dollar price you expect to transact at? a. $1048.00 b. $1042.50 c. $1041.25 d. $1041.75 e. $1040.40 8. Which of the following securities is a money market instrument? a. T Note b. T Bond c. Municipal bond d. Commercial paper e. Mortgages 9. Fannie Mac and Freddie Mac were originated to provide a. b. c. d. e. A primary market for mortgage transactions Liquidity for the mortgage market. A primary market for farm loan transactions. Liquidity for the farm loan markets. A source of funds for government agencies. 10. For a taxpayer in the 25% marginal tax bracket, a 20 year municipal bond currently yielding 5.5% would offer an equivalent taxable yield of a. b. c. d. e. 7.33% 10.75% 5.5% 4.125% 7.88%