The bond quote of a 15-year, 7 percent, semi-annual coupon bond when the market rate is 7 percent is closest to:

Name: The bond quote of a 15-year, 7 percent, semi-annual coupon bond when the market rate is 7 percent is closest to:
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When the coupon rate of a bond equals the market interest rate, the bond is priced at par value, which is typically 100. This is because the present value of the bond's cash flows (interest payments and principal repayment) at the market rate equals the bond's face value.

The Bond Quote of a 15-Year, 7 Percent, Semi-Annual Coupon