QUESTION 4

What is the terminology for a change in the Treasury yield curve, when 2-year yields rise 10 basis points, 10-year yields rise 30 basis points, and 30-year yields rise 50 basis points?

		Non-parallel shift
		Flattening
		Decline
		Parallel shift

QUESTION 5

All else equal (credit risk, etc.), which option free bond has the lowest interest rate duration?

		2% coupon bond
		4% coupon bond
		6% coupon bond

QUESTION 6

What is the price the bond buyer pays (not the quoted price)?

		Clean price
		Accrued interest
		Dirty price
		Par amount