A Treasury bond has a face value of $25,000 and a quoted price of 103.3750. What is the bond's dollar price?

Name: A Treasury bond has a face value of $25,000 and a quoted price of 103.3750. What is the bond's dollar price?
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Question

Quizplus · Accepted Answer

The dollar price of the bond is calculated as follows:
Dollar Price = Face Value x Quoted Price/100
Dollar Price = $25,000 x 103.3750/100
Dollar Price = $25,843.75
Therefore, the answer is D ($25,843.75).

A Treasury Bond Has a Face Value of $25,000 and a Quoted