Multiple Choice
A $1,000 face value bond has a bid quote of 101.123 and a bid-ask spread of .205.What price must you pay to purchase this bond? Ignore any accrued interest or trading costs.
A) $1,011.23
B) $1,001.33
C) $1,009.18
D) $1,013.28
E) $1,026.56
Correct Answer:
Verified
Correct Answer:
Verified
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