An investor pays $104,280 for a treasury bond. The price mostly listed in the Wall Street Journal show as the ask price will be _________.

Question

Quizplus · Accepted Answer

The price of a treasury bond in the Wall Street Journal is typically shown as a percentage of the bond's face value, which is usually $100,000. Since the investor pays $104,280 for the bond, this means the ask price is 104.28% of the face value.

An Investor Pays $104,280 for a Treasury Bond