A bond with a face value of $100,000 and a quoted price of 96.50 would have a selling price of
A)$103,359.
B)$100,000.
C)$96,500.
D)$90,650.

Question

Quizplus · Accepted Answer

The selling price of a bond is calculated by multiplying the face value by the quoted price as a percentage.

Selling price = face value x quoted price as a percentage

Selling price = 100,000 x 0.965

Selling price = $96,500

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