Bond Prices in the Newspaper or Online Are Quoted as a Percentage

question 382

Multiple Choice

Bond prices in the newspaper or online are quoted as a percentage of their face value of $1000.If the bond price is 103.25,this bond's value =

• A)$103.25
• B)$1,032.50
• C)$10,325.00
• D)$10.33

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Definitions:

Functional Plans

Detailed strategies developed for specific departments or functions within an organization, such as marketing or human resources.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to other producers.

Production Possibilities Frontier (PPF)

The Production Possibilities Frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs.

Export

The selling of goods or services produced in one country to buyers in other countries.