A Treasury Bond Is Quoted as 101: 18 Asked and 101

question 24

Multiple Choice

A Treasury bond is quoted as 101: 18 asked and 101:
16 bid.What is the bid-ask spread in dollars on a $1,000 face value bond?

• A)$.02
• B)$.20
• C)$.625
• D)$2.00
• E)$6.25

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