A Bond with a Face Value of $100,000 and a Quoted

question 168

Multiple Choice

A bond with a face value of $100,000 and a quoted price of 102 has a selling price of:

• A) $102,000.
• B) $98,000.
• C) $100,000.
• D) $120,000.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Accounts Receivable

The amount due to an enterprise by its clients for delivered goods or services awaiting payment.

ACP

Average Collection Period, a metric indicating the average number of days it takes for a company to receive payments owed by its customers.

Investing Activities

Operations related to buying and selling long-term assets and investments, excluding those considered as cash equivalents.