A 100000 treasury bond has a bid price quote of 11520 and
A $100,000 Treasury bond has a bid price quote of 115.20 and an asked quote of 115.23. In dollars, what is the value of the bid-ask spread on this bond?
a. $0.93
b. $9.36
c. $93.75
d. $937.50
e. $9,375.00
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