A Treasury bond has a quoted bid price of 101:15 and a quoted ask price of 101:22.What is the amount you will receive if you sell your bond that has a par value of $15,000?
A) $15,016.12
B) $15,050.45
C) $15,062.60
D) $15,100.08
E) $15,220.31
Correct Answer:
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