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A Treasury bond is quoted as 111:18 ask and 111:10 bid. What is the bid-ask spread in dollars on a $1,000 face value bond? Group

A Treasury bond is quoted as 111:18 ask and 111:10 bid. What is the bid-ask spread in dollars on a $1,000 face value bond?

Group of answer choices

$25.00

$8.00

$0.80

$5.00

$2.50

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