A U.S. government bond was quoted as: Rate Maturity Mo/Yr Bid Asked Chg* Ask Yld 12 Aug
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A U.S. government bond was quoted as:
Rate Maturity Mo/Yr Bid Asked Chg* Ask Yld 12 Aug 13 110.12 110.13 +6 4.50
*Chg is in 32nds of a percent.
a. How much would you have to pay for one of these $1,000 face value bonds?
b. What was the dollar amount of the price change on this bond?
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