When bonds are sold at a market price of 105, the cash received for the bonds is 105 percent of the bonds' face value.

Name: When bonds are sold at a market price of 105, the cash received for the bonds is 105 percent of the bonds' face value.
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Quizplus · Accepted Answer

When bonds are sold at a market price of 105, it means the price is at 105% of the bonds' face value. Therefore, the cash received for the bonds is indeed 105 percent of the bonds' face value.

When Bonds Are Sold at a Market Price of 105