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Assume today is March 15, 2023. How much would you have to pay for a U.S. Government bond ($1,000 maturity value) issued on February 15,
Assume today is March 15, 2023. How much would you have to pay for a U.S. Government bond ($1,000 maturity value) issued on February 15, 2023 and scheduled to mature on February 15, 2030 and quoted at 118-07 "bid" and 118-15 "asked"? Assume the accrued interest is exactly $4.64 per $1000 par value.
Choices:
$1,189.33
$1,004.64
$1,193.97
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