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
Correct Answer:
Verified
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