Bonds with a Face Value of $300,000 and a Quoted

question 286

Multiple Choice

Bonds with a face value of $300,000 and a quoted price of 102¼ have a selling price of

• A) $360,675.
• B) $306,075.
• C) $300,675.
• D) $306,750.

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Definitions:

Public Corporation

A corporation whose stock anyone may buy, sell, or trade.