Question
A U.S. Treasury bond shows a bid quote of 109:25 and an ask quote of 110:09. What would a buyer of this bond pay if
A U.S. Treasury bond shows a bid quote of 109:25 and an ask quote of 110:09. What would a buyer of this bond pay if a transaction occurs as a result of these quotes? Please explain.
A.$1,102.81
B.$1,041.81
C.$1,109.25
D.$1,110.09
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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
9781133169574 , 978-0538735452
