A U.S.Treasury bond that is quoted at 100: 11 is selling:
A) for 11 percent more than par value.
B) at an 11 percent discount.
C) for 100.11 percent of face value.
D) at par and pays an 11 percent coupon.
E) for 100 and 11/32nds percent of face value.
Correct Answer:
Verified
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