Question
A T-bond with a $1,000 par is quoted at 97:14 bid, 97:15 ask. The clean price for you to buy this bond is A. $974.38.
A T-bond with a $1,000 par is quoted at 97:14 bid, 97:15 ask. The clean price for you to buy this bond is
A. $974.38.
B. $975.42
C. $974.69
D. $975.77.
E. none of the options.
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Get StartedRecommended Textbook for
Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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