If a bond was quoted in the newspaper at 60, the price in dollars was:
A)$6.00
B)$60
C)$600
D)$1,000
E)$1,060

Name: If a bond was quoted in the newspaper at 60, the price in dollars was: A)$6.00 B)$60 C)$600 D)$1,000 E)$1,060
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Question

Quizplus · Accepted Answer

When a bond is quoted in the newspaper at 60, it means the bond is priced at 60% of its face value. Therefore, if the face value of the bond is $1,000, the price in dollars would be $600 (60% of $1,000). Choice C is the only option that matches this price.

If a Bond Was Quoted in the Newspaper at 60