9. A bond has a 5% coupon rate. The coupon is paid semi-annually, and the last coupon was paid 35 days ago and there are 182 days between the coupon payments. The bond has a par value of $1,000. What is the accrued interest? A. $4.81 B. $14.24 C. $25 D. $50 10. Consider a 7-year bond with a 9% semi-annual coupon and a yield to maturity of 6%. If interest rates remain constant, one year from now the price of this bond will be A. higher B. lower C. the same D. indeterminate 11. The difference between the price at which a dealer is willing to buy and the price at which a dealer is willing to sell is called the A market spread B. bid-ask spread C. bid-ask gap D. market variation