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Question: Treasury Bond Quote by using 32nd to determine the bid and asked price. (The T-Bond & Notes are quated in this way (percent &

Question: Treasury Bond Quote by using 32nd to determine the bid and asked price.

(The T-Bond & Notes are quated in this way (percent & 32nds of 1%) in the seconday market )

The bond maturity 2025, July 30,

Bid price : 130.35

Asked Price : 130. 30

What is the bid and asked quoting price and provide the interpretation. Please show step

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