A bond with a face value of $100,000 and a quoted price of 102 has a selling price of:
A) $102,000.
B) $98,000.
C) $100,000.
D) $120,000.

Name: A bond with a face value of $100,000 and a quoted price of 102 has a selling price of: A) $102,000. B) $98,000. C) $100,000. D) $120,000.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

The selling price of a bond is calculated by multiplying the face value with the quoted price (in percentage form) and dividing it by 100. So, selling price = ($100,000 x 102)/100 = $102,000.

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