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A T-Bond with a $1,000 Par Is Quoted at 97-14

question 46

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A T-bond with a $1,000 par is quoted at 97-14 bid,97-15 ask. The clean price for you to buy this bond is


Definitions:

Standard Deviation

An indicator used to determine the extent of fluctuation or scatter among data points in a collection.

Central Limit Theorem

A statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.

Sampling Distribution

The distribution of a statistic (like the mean) that would result from taking a large number of samples from a population.

Sample Size

The number of observations or data points in a sample used to estimate characteristics of a population.

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