The following is a bond quotation from The Wall Street Journal: IBM 10¼ 27 9.8 18 104 ½ -½
If the bond has a face (par) value of $1000, what was the market price?

Name: The following is a bond quotation from The Wall Street Journal: IBM 10¼ 27 9.8 18 104 ½ -½ If the bond has a face (par) value of $1000, what was the market price?
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The market price of the bond is quoted as 104 ½, which means 104.5% of the face value. Therefore, the market price is 104.5% of $1000, which equals $1045.

The Following Is a Bond Quotation from the Wall Street