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A Treasury bond has a quoted bid price of 97-04 and a quoted ask price of 97-09. What is the amount you will receive if
A Treasury bond has a quoted bid price of 97-04 and a quoted ask price of 97-09. What is the amount you will receive if you sell your bond that has a par value of $25,000? Assume the bond has $2.05 of accrued interest per $1000 face amount.
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The quoted bid price of 9704 refers to a percentage of the par valu...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
