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:

Spending Variance

The difference between the budgeted or standard cost of an activity and its actual cost.

Dye Costs

The expenses associated with acquiring dyes used in the manufacturing or production process.

Skeins

Lengths of thread or yarn, loosely coiled and knotted, used in textile production.

Spending Variance

The difference between the actual cost incurred and the budgeted cost, usually related to manufacturing or operating budgets.