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Problem $14-7$

Suppose that a $$10,000$ Treasury bond is quoted as $105$:$7-105$:$14.$

Par Value $$10,000$

Bid Pct $105$

Bid $32$s $7$

Ask Pct $105$

Ask $32$s $14$

What price would you pay to buy the bond?

You would pay a price of $

for the bond. Round your answer to the nearest two decimal places.