If a bond is quoted in the newspaper at 96,the current price of a $1,000 face value bond is:
A)$9.60.
B)$96.00.
C)$960.00.
D)$1,000.00.
E)$1,096.00.

Name: If a bond is quoted in the newspaper at 96,the current price of a $1,000 face value bond is: A)$9.60. B)$96.00. C)$960.00. D)$1,000.00. E)$1,096.00.
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Question

Quizplus · Accepted Answer

When a bond is quoted at 96, it means it is trading at 96% of its face value. Therefore, for a $1,000 face value bond, the current price would be 96% of $1,000, which is $960.00.

If a Bond Is Quoted in the Newspaper at 96,the