QUESTION 27 Assume that the 1, 2, 3, 5, 10, 20, and 30-year rates were 7%, 6.5 %, 6 6 , 5.4 % , 5.2 % , 5.0 % , and 4.8 %, respectively. What type of yield curve is this? a. Humped. b. Normal. c. Flat d. Inverted. QUESTION 28 What is the duration of a 10-year bond, selling for $877.11, with an 8% annual coupon? a. 6.95 b. 7.04 c. 7.33 d. 7.62