A Treasury Bond Has a Face Value of $5,000 with a Quoted

question 92

Multiple Choice

A Treasury bond has a face value of $5,000 with a quoted bid price of 101.84 and a quoted ask price of 101.88. What is the dollar amount you receive if you sell your bond?

• A) $3,208.50
• B) $1,917.00
• C) $5,094.00
• D) $5,750.50
• E) $5,092.00

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Definitions:

Permanent Injunction

A court order prohibiting offending conduct.

Statutory Damages

A new remedy enabling a court to award damages that it “considers just” under the circumstances, without requiring proof of damage or lost profits.

Punitive Damages

Damages in excess of the plaintiff’s actual losses, intended to punish the wrongdoer for outrageous or extreme behaviour; also known as exemplary damages.

Enhanced Injunction

A more forceful or comprehensive court order to prevent an action or to impose conditions on certain behaviors.