Question 14 (4 points) Listen A Treasury bond with a $1,000 face value is quoted with a bid price of 125:12 and an ask price of 125:14. How much would you pay to buy this bond? Assume a tick is 1/32 1) $1,251.74 2) $1,253.75 3) $1,254.38 4) $1,257.46 Question 15 (4 points) Listen A bond has 9% coupon rate, a $1,000 face value, pays interest semi-annually, matures in 12 years, and has a yield to maturity of 7.75%. What is the current market price of the bond? 1) $989.73 2) $1,057.86 3) $1,062.49 4) $1,096.52