Use the following bond quotes to answer this question:
$\begin{array}{lrr}
\text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\
\text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\
\text { Industrial } &\
\text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \
\end{array}$

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What is the current price of a $1,000 face value Alpha Industrial bond?
A)$986.67
B)$991.04
C)$994.02
D)$998.23
E)$1,000.00

Question

Use the following bond quotes to answer this question:
$\begin{array}{lrr}
\text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\
  \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\
 \text { Industrial  } &\
 \text { Beta Movers  } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \
\end{array}$

-
What is the current price of a $1,000 face value Alpha Industrial bond?
A)$986.67
B)$991.04
C)$994.02
D)$998.23
E)$1,000.00

Quizplus · Accepted Answer

The current price of a $1,000 face value Alpha Industrial bond is given by the "Last" price, which is 99.402% of the face value. Therefore, the current price is $994.02 (0.99402 * $1,000).

Use the Following Bond Quotes to Answer This Question - What Is the Current Price of a $1,000 Face

Use the Following Bond Quotes to Answer This Question -
What Is the Current Price of a $1,000 Face