A $1,000 face value bond has a bid quote of 101.087 and a bid-ask spread of .185.What price will you receive if you sell your bond today? Ignore any accrued interest or trading costs.
A) $1,010.87
B) $1,012.72
C) $1,009.02
D) $1,008.28
E) $1,010.27
Correct Answer:
Verified
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