A bond with a face value of $100,000 and a quoted price of 104.75 would have a selling price of
A)$147,500.
B)$104,750.
C)$100,000.
D)$95,466.

Name: A bond with a face value of $100,000 and a quoted price of 104.75 would have a selling price of A)$147,500. B)$104,750. C)$100,000. D)$95,466.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The quoted price of 104.75 means the bond is selling for 104.75% of its face value. Therefore, the selling price is 104.75% of $100,000, which is $104,750.

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