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Which of the following best describes the clean price of a $1000 Treasury bond quoted at an ask price of 98.03? a. $98.03. b. $98.09.

Which of the following best describes the clean price of a $1000 Treasury bond quoted at an ask price of 98.03?

  • a. $98.03.
  • b. $98.09.
  • c. $980.30.
  • d. $980.94.

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