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Problem 18-18 Treasury Prices (LO1, CFA2) A Treasury issue is quoted at 102.77485 bid and 102.855 ask. Assume a face value of $1,000. What is

Problem 18-18 Treasury Prices (LO1, CFA2) A Treasury issue is quoted at 102.77485 bid and 102.855 ask. Assume a face value of $1,000. What is the least you could pay to acquire a bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price

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