Final answer:
The bid-ask spread in dollars on a $5,000 face value bond would be $1,406.25.
Step-by-step explanation:
The bid-ask spread in dollars can be calculated by first converting the quoted prices into decimal form. The asked price of 99:18 can be converted to 99.5625 and the bid price of 99:09 can be converted to 99.28125. The difference between the two is 0.28125. Therefore, the bid-ask spread in dollars on a $5,000 face value bond would be 0.28125 multiplied by $5,000, resulting in a spread of $1,406.25.