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A bond is quoted 106.1235 ask, and 103.1620 bid. What is the bid-ask spread in this bond if the bond's face value is $3,000 ?

A bond is quoted 106.1235 "ask", and 103.1620 "bid." What is the bid-ask spread in this bond if the bond's face value is $3,000 ? $10,316.20 $106.12 $8,884.50 $88.85

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