A T-Bond with a $10,000 Par Is Quoted at a Bid

question 44

Multiple Choice

A T-Bond with a $10,000 par is quoted at a bid of 92:11 and an ask of 92:17. If you bought the bond and then immediately sold it at the same quotes, how much money would you gain or lose (ignore commissions) ?

• A) $12.50
• B) -$12.50
• C) -$18.75
• D) $18.75
• E) $0.00 9,234.38 - 9,253.13 = -18.75

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