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A Treasury bond is quoted as 101.875 asked and 101.312 bid. What is the bid-ask spread in dollars on a $250,000 face value bond? Group

A Treasury bond is quoted as 101.875 asked and 101.312 bid. What is the bid-ask spread in dollars on a $250,000 face value bond?

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$1,407.50

$1,650.75

$6,457.50

$1,575.25

975.50

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