Bond prices are quoted as a percentage of the

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Bond prices are typically quoted as a percentage of the face value, which is the amount the bond will be worth at maturity. This allows investors to compare the prices of different bonds, regardless of their actual face values. The other options, such as issue price or total interest and principal payments, do not provide a standardized way of comparing bond prices. The dirty value and clean value refer to the price of a bond including or excluding accrued interest, respectively, but are not typically used when quoting bond prices.

Bond Prices Are Quoted as a Percentage of the