An ask price of 98.73 means that you can _____ a $1,000 face value bond for _____.

Name: An ask price of 98.73 means that you can _____ a $1,000 face value bond for _____.
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Question

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The ask price is the price at which you can buy a security. In the context of bonds, prices are quoted as a percentage of the face value. Therefore, an ask price of 98.73 means you can buy a $1,000 face value bond for 98.73% of its face value, which is $987.30.

An Ask Price of 98