A bond with a par value of $1,000 is listed in the Wall Street Journal at a price of 100.50.This bond is selling for $1,005.

Name: A bond with a par value of $1,000 is listed in the Wall Street Journal at a price of 100.50.This bond is selling for $1,005.
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Question

Quizplus · Accepted Answer

The price listed in the Wall Street Journal of 100.50 means the bond is being sold at 100.50% of its par value, which is 100.50% * $1,000 = $1,005. Therefore, the statement is true.

A Bond with a Par Value of $1,000 Is Listed