A Bond Is Quoted at a Price of $989

question 110

Multiple Choice

A bond is quoted at a price of $989.This price is referred to as which one of the following?

• A)call price
• B)face value
• C)clean price
• D)dirty price
• E)wholesale price

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Definitions:

Changes Hands

An expression referring to the act of transferring ownership of something from one person or group to another.

Overall Prices

Overall prices refer to the general level of prices for goods and services in the economy, often assessed through indicators like the Consumer Price Index (CPI).

Price Level

A measure of the average prices of goods and services in an economy, indicating the cost of living or inflation rate.

Falling Prices

A situation in an economy where the prices of goods and services decrease over time.