If the Quote for a Treasury Bond Is Listed in the Newspaper

question 44

Multiple Choice

If the quote for a Treasury bond is listed in the newspaper as 98.2812 bid, 98.4062 ask, the actual price at which you can purchase this bond given a $10,000 par value is ________.

• A) $9,828.12
• B) $9,809.38
• C) $9,840.62
• D) $9,813.42

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Definitions:

Intermediate

Positioned or occurring between two extremes, levels, or points; can also refer to someone or something that is not fully advanced in a skill, process, or knowledge.

Vellus

Fine, light-colored, and barely noticeable hair that covers the majority of the body, different from terminal hair.

Sudoriferous Glands

Glands located under the skin that produce sweat as part of the body's cooling mechanism.

Eccrine

Referring to eccrine sweat glands, which are responsible for regulating body temperature through sweat secretion.