A 4-year bond with a yield of 5% (annual compounding) pays 6% annual coupon, paid annually. What is bond's price? $21.28$103.09$103.55$148.70 Question 4 20 pts Which statement about Treasury bills (T-bills) is true? T-bills were first introduced during World War II. The interest earned on T-bills is subject to state and local taxes. T-bills are purchased by investors at a weekly auction at less than face value and are redeemed at maturity at face value. All of the above