Pete paid $1,032 as his total cost of purchasing a bond. This price is referred to as the:

The difference between the price that a dealer is willing to pay and the price at which he or she will sell is called the:    A.  equilibrium. B.  premium. C.  discount. D.  call price. E.  spread. Refer to section 7.5

22.	A bond is quoted at a price of $989. This price is referred to as which one of the following?    A.  call price B.  face value C.  clean price D.  dirty price E.  wholesale price Refer to section 7.5

23.	Pete paid $1,032 as his total cost of purchasing a bond. This price is referred to as the:    A.  quoted price. B.  spread price. C.  clean price. D.  dirty price. E.  call price. Refer to section 7.5

24.	Real rates are defined as nominal rates that have been adjusted for which of the following?    A.  inflation B.  default risk C.  accrued interest D.  interest rate risk E.  both inflation and interest rate risk Refer to section 7.6