Question 6 (10 points) 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? 1) $1,251.74 2) $1,253.75 3) $1,254.38 4) $1,257.46 Question 10 (10 points) Garvin Enterprises' bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield? 1) 7.39% 2) 7.76% 3) 8.15% 4) 8.56% 5) 8.98%