single choice (each 2points. total 60 points) 1. If a Treasury note has a bid price of $985, the quoted bid price in the Wall Street Journal would be E. 98:05. D. 98:24. c. 97:80 A. 98:50. B. 98:16. 2. A 5.5 % 20-year municipal bond is currently priced to yield 7.2 %. For a taxpayer in the 33% marginal tax bracket, this bond would offer an equivalent taxable yield of: A. 8.20 %. E. none of the above D. 4.82% B. 10.75% c. 11.40. 3. The stocks on the Dow Jones Industrial Average A. have remained unchanged since the creation of the index. B. include most of the stocks traded on the NYSE. C. are changed occasionally as circumstances dictate. D. consist of stocks on which the investor cannot lose money. E. B and C 4. Which of the following securities is a money market instrument? C. municipal bond. B. Treasury bond. E. mortgage security. A. Treasury note D. commercial paper