A bond with a face value of $200000 and a quoted price of 102⅛ has a selling price of
A) $240225.
B) $204025.
C) $200225.
D) $204250.

Question

Quizplus · Accepted Answer

The selling price can be calculated using the formula:

Selling price = Face value × Quoted price/100

Substituting the given values, we get:

Selling price = 200000 × 102.125/100
Selling price = $204250

Therefore, the correct answer is D) $204250.

A Bond with a Face Value of $200000 and a Quoted