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Susie wants to buy a 10-Year Treasury bond and notices it is quoted at an asked price of $99-24 and a bid price of $99-4.

Susie wants to buy a 10-Year Treasury bond and notices it is quoted at an asked price of $99-24 and a bid price of $99-4.

What is the bid-ask spread on a $10,000 face value bond?

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