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You are considering an investment in a U.S. Treasury bond. The current ask price is...

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Finance

You are considering an investment in a U.S. Treasury bond. The current ask price is listed as 103:27 and the face value is $1000. How much, in dollars, will you have to pay to buy this bond? Enter your answer in dollars without the $ sign (i.e., if your answer is $1000.42 type 1000.42).

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