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

question 153

Multiple Choice

Bond prices in the newspaper or online are quoted as a percentage of their face value of $1,000. If the bond price is 103.25, this bond's value is equal to

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

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Definitions:

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