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A $100,000 Treasury bond has a bid price quote of 115.20 and an asked quote of 115.23. In dollars, what is the value of the

A $100,000 Treasury bond has a bid price quote of 115.20 and an asked quote of 115.23. In dollars, what is the value of the bid-ask spread on this bond?

a. $0.93

b. $9.36

c. $93.75

d. $937.50

e. $9,375.00

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