If a bond is quoted in the newspaper at 90, what is its price?

Name: If a bond is quoted in the newspaper at 90, what is its price?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Bonds are typically quoted as a percentage of their face value, also known as par value. For example, if a bond has a par value of $1,000 and is quoted at 90, that means it is being sold at 90% of its par value. To calculate the price, you would multiply the par value by the quoted percentage: $1,000 x 0.90 = $900. Therefore, the correct answer is (C) $900.

If a Bond Is Quoted in the Newspaper at 90