Bid-ask spread in dollars
Problem:
A Treasury bond is quoted as 111:18 ask, and 111:10 bid.
Required:
Question: What is the bid-ask spread in dollars on a $1000 face value bond?
Note: Please show how to work it out.
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Question: What is the bid-ask spread in dollars on a $1000 face value bond? Note: Please show how to work it out.
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