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A Treasury Bond Has a Quoted Bid Price of 97

question 80

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A Treasury bond has a quoted bid price of 97.125 and a quoted ask price of 97.255. What is the amount you will receive if you sell your bond that has a par value of $25,000?

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Definitions:

Secondary Boycott

A form of protest in which a union refuses to work for, or urges others to boycott, companies that do business with an employer it is in dispute with.

Taft-Hartley Act

A 1947 US federal law that restricted the activities and power of labor unions, including prohibiting certain types of strikes and requiring union leaders to swear anti-communist oaths.

Legal Primary Boycott

A lawful form of protest or economic pressure in which workers, unions, or consumers refuse to buy or deal with a company directly involved in a labor dispute.

Taft-Hartley Act

A 1947 federal law in the U.S. that restricts the activities and power of labor unions, aiming to balance the rights of employers and employees.

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