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Posted on Sep 06, 2024

The quote for a $1,000 semiannual Treasury Bond is shown below. A buyer would pay at least ________ if he/she chooses to buy the security.

Hint: Assume the buyer satisfies all Quantity restrictions for all prices.

Maturity	Coupon	Bid	Asked
12/15/2022	2.750	86.63	87.15

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