A T-Bond with a $1000 Par Is Quoted at a Bid

question 38

Multiple Choice

A T-Bond with a $1000 par is quoted at a bid of 105:7 and an ask of 105:9. If you sell the bond you will receive

• A) $1,052.81.
• B) $1,052.19.
• C) $1,057.22.
• D) $1,059.22.
• E) none of the above.

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Definitions:

Charismatic

Pertaining to an individual's exceptional personal qualities or abilities that inspire devotion or fascination in others.

Traditional

Relating to customs, beliefs, or methods that have existed for a long time without significant change, often passed down from generation to generation.

Means-ends Rationality

A decision-making process focused on efficiently achieving a specific goal.

Desired Outcome

The specific result or achievement one aims to accomplish through a particular course of action or strategy.