A Treasury bond has a quoted bid price of 97.125 and a quoted ask price of 97.255. What is the amount you will receive if you sell your bond that has a par value of $25,000?
A) $24,281.25
B) $24,313.75
C) $24,418.34
D) $24,841.34
E) $25,329.50
Correct Answer:
Verified
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