Suppose the following information is quoted for a hypothetical Treasury security: a. What is the bid price
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Suppose the following information is quoted for a hypothetical Treasury security:
a. What is the bid price per $100 of par value?
b. If an investor wanted to purchase $100,000 of par value of this Treasury security, what is the clean price?
c. What is the ask price per $100 of par value?
d. If an investor wanted to purchase $100,000 of par value of this Treasury security, what is the clean price?
e. What does the “Change” of −5 mean?
f. What does the “Yield” column mean?
g. Suppose that instead of a bid of 110.25 it is 110.25+. What would be the clean price per $100 of par value?
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Related Book For
Bond Markets Analysis And Strategies
ISBN: 9780253337535
10th Edition
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
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