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79. Monique is buying a 30-year Treasury bond that has a bid price of 98.02 and an ask price of 98.08. What is the price Monique should expect to pay if she is buying one bond
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79. Monique is buying a 30-year Treasury bond that has a bid price of 98.02 and an ask price of 98.08. What is the price Monique should expect to pay if she is buying one bond

User YBrodsky
by
5.1k points

1 Answer

4 votes

Answer:

$980.80

Step-by-step explanation:

Monique is buying a 30 year treasury bond

The bid price is 98.02

The ask price is 98.08

Therefore the price at which Monique will buy one bond can be calculated as follows

= 1,000 × 98.08/100

= 1,000 × 0.9808

= $980.80

User Kartoos
by
4.2k points
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