Question: If a $ 1 , 0 0 0 face value U . S . Treasury bond is quoted at 8 5 , then the bond

If a $1,000 face value U.S. Treasury bond is quoted at 85, then the bond can be purchased
at 85 percent of face value plus any accrued interest
for $850, which includes any accrued interest
for $85 per bond
for $850 less any accrued interest
 If a $1,000 face value U.S. Treasury bond is quoted at

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