Business
Business, 01.08.2020 02:01, jfy3341

A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1 point. After holding the bonds in inventory for a week, the dealer reoffers the bonds on an 8.90 basis. The dealer's approximate profit or loss per bond on this transaction is:

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A municipal bond dealer buys 100M of 30 year non-callable 9% General Obligation bonds at par less 1...

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