What Is the Price of a $1,000 Face Value Bond

question 111

Multiple Choice

What is the price of a $1,000 face value bond if the quoted price is 102.1?

• A)$102.10
• B)$1,002.10
• C)$1,020.01
• D)$1,020.10
• E)$1,021.00

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Definitions:

Ethical Behavior

Refers to acting in ways considered morally right and proper in a given profession or situation.

Rights Theory

A philosophical framework that focuses on the inherent rights or entitlements of individuals or groups.

Justice Theory

A philosophical perspective that focuses on fairness and the equitable treatment of individuals within a society.

Rule Utilitarianism Theory

A normative ethical theory that posits the correctness of actions depends on the rules that lead to the greatest good for the greatest number.