The issue price of each $1,000 bond that pays interest at 5% and has a bond price of 92.10 equals:
A) $921.
B) $1,050.
C) $950.
D) $1,000.

Name: The issue price of each $1,000 bond that pays interest at 5% and has a bond price of 92.10 equals: A) $921. B) $1,050. C) $950. D) $1,000.
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Question

Quizplus · Accepted Answer

The issue price of a bond is calculated by multiplying the bond's face value by its price percentage. Here, $1,000 (face value) * 92.10% = $921.

The Issue Price of Each $1,000 Bond That Pays Interest