A T-Bond with a $1000 Par Is Quoted at 97:14

question 16

Multiple Choice

A T-Bond with a $1000 par is quoted at 97:14 Bid, 97:15 Ask. The clean price for you to buy this bond is

• A) $974.38.
• B) $975.42.
• C) $974.69.
• D) $975.77.
• E) none of the above.

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