A Bond Has an Ask Quote of 99

question 2

Multiple Choice

A bond has an ask quote of 99.5625 and a bid quote of 99.5475.How much will the bond dealer make on the purchase and resell of a $100,000 bond if they earn a 10% commission?

• A)$150
• B)$1,500
• C)$15
• D)$1.50

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Full Engagement

The complete involvement and enthusiastic participation of an individual in a task or activity, often leading to higher productivity.

Positive Energy

A state or vibe that is optimistic, uplifting, and creates a constructive atmosphere or outlook.

Cultural Differences

The variations in practices, beliefs, and values among people from different backgrounds, often influencing communication and interactions.