1. Based on the following bond question: XYZ Co. 6.75 13 february 22/17 101.75 102.25 6 23: if you sold $10,000 par value of this bond to a dealer, what amount would you expect to receive?

a) $10,175 b) $10,000 c) $10,225 d) $10,200

2. Duration is a measure of volatility of a bond. Which of the following bonds has the greatest volatility based their respective duration?

a) 4.5% b) 4.5 years . c) 6.5% d) 6.5 years