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Bubba wants to buy a US treasury bond with a bid of 97.

FINRA Series-7 Full Course Access
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Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2.

How were these prices established?

A.

by the FINRA

B.

by the Federal Reserve Board

C.

by competitive biding

D.

by the terms of the bond

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