A bond with a face value of $100,000 and a quoted price of 102.25 would have a selling price of
A)$ 97,800.
B)$100,000.
C)$102,250.
D)$122,250.

Name: A bond with a face value of $100,000 and a quoted price of 102.25 would have a selling price of A)$ 97,800. B)$100,000. C)$102,250. D)$122,250.
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Question

Quizplus · Accepted Answer

The selling price of a bond quoted at 102.25% of its face value of $100,000 is calculated as 102.25% of $100,000, which equals $102,250.

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