Question
A bond with a face value of $1,000 today has a bid price of 104:8 and an asked price of 104:20, whereas the closing price
A bond with a face value of $1,000 today has a bid price of 104:8 and an asked price of 104:20, whereas the closing price dropped -14 from the previous days closing price. How much did you pay for this bond yesterday when you bought it?
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
