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A T-Bond with a $1,000 Par Is Quoted at 97-14

Question 46

Multiple Choice

A T-bond with a $1,000 par is quoted at 97-14 bid,97-15 ask. The clean price for you to buy this bond is

A) $974.38.
B) $975.42.
C) $974.69.
D) $975.77.
E) None of these choices are correct.

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