A treasury issue is quoted at 11703 bid and 11717 ask, Financial Management

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A treasury issue is quoted at 11703 bid and 11717 ask

A Treasury issue is quoted at 117:03 bid and 117:17 ask. Assume a face value of $1,000. What is the least you could pay to acquire a bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: A treasury issue is quoted at 11703 bid and 11717 ask

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Financial Management: A treasury issue is quoted at 11703 bid and 11717 ask

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