You are a securities broker. Your customer wants to sell $10.000 in par of the Alibaba 2037 bond. You contact a bond dealer who gives you the following quotations for bond:

bid 105.375 on up to $100,000 in par

ask 105.500 on up to $100,000 in par

What total price will your customer receive?

a. $105,500.00

b. $10,550.00

c. $105,375.00

d. $10,537.50