Asked by Mary Tillman Davis on Jun 03, 2024
Verified
The price quotations of Treasury bonds in the Wall Street Journal show an ask price of 104.25 and a bid price of 104.125. As a seller of the bond, what is the dollar price you expect to receive?
A) $1,048.00
B) $1,042.50
C) $1,041.25
D) $1,041.75
E) $1,040.40
Treasury Bonds
Long-term government debt securities issued by the U.S. Treasury with a maturity of more than ten years that pay periodic interest until maturity when the face value is paid back.
Ask Price
The price at which a dealer will sell a security.
Wall Street Journal
An international daily newspaper focused on business and economic news, published in New York.
- Distinguish the constituents and mechanisms of the money market.
- Acquire an understanding of how T-bills are issued, their intended use, and their role in the financial strategy of the government.
Verified Answer
Learning Objectives
- Distinguish the constituents and mechanisms of the money market.
- Acquire an understanding of how T-bills are issued, their intended use, and their role in the financial strategy of the government.
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