(10 points, 5 points each) True or False. State whether the last sentence is true or false. No explanations are necessary; the grade will be based on the answer only. (a) When interest rates are very high (above 6%), typically low duration bonds are cheapest to deliver for Treasury bond futures. (b) One reason for quoting bond prices in terms of a clean price (i.e. the full price minus accrued interest) is because the quoted price will not mechanically drop whenever the bond pays out a coupon