You Find an 71-Day Bond with a Face Value of $100,000

question 47

Multiple Choice

You find an 71-day bond with a face value of $100,000 quoted at a bank discount yield of 5.47 percent. What is the dollar price of this bond?

• A) $98,105.00
• B) $99,047.17
• C) $98,073.48
• D) $99,981.74
• E) $98,921.19