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Required: Given the following listing for a Treasury note, calculate the bid-ask spread. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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Required: Given the following listing for a Treasury note, calculate the bid-ask spread. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Rate 6.5 Bid-ask spread Maturity Month/Year May 12 Bid 107.9601 Asked 108.0518 Change +1 Asked Vield. 3.86

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