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The ask price posted by a dealer on an older, relatively illiquid bond is quoted at $1,065 per bond. The bid price posted by the
The ask price posted by a dealer on an older, relatively illiquid bond is quoted at $1,065 per bond. The bid price posted by the dealer on that same bond will most likely be: A) 4 basis points lower. B) 15 basis points lower. C) 7 basis points higher
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