Use the Following Bond Quotes to Answer This Question -
What Is the Current Price of a $1,000 Face

question 66

Multiple Choice

Use the following bond quotes to answer this question:
$\begin{array}{lrr}\text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\\ \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\\ \text { Industrial } &\\ \text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \\\end{array}$



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What is the current price of a $1,000 face value Alpha Industrial bond?

• A)$986.67
• B)$991.04
• C)$994.02
• D)$998.23
• E)$1,000.00

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Definitions:

Value

The worth or importance of something, often determined by its utility, scarcity, or demand.

HST

Harmonized Sales Tax, a combined tax that includes both federal and provincial sales taxes, applied in some regions of Canada.

Pay-No-HST

A situation or offer where the Harmonized Sales Tax (HST) is not applied, making the purchase effectively tax-free.

Cumulative Investment

The total amount of money that has been invested over a period, including reinvested earnings.