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You Turn to the Bond Market Page of a Newspaper

Question 89

Multiple Choice

You turn to the bond market page of a newspaper and look under the column headed "Close" and see that it says,"49 1/2" this indicates that


A) the closing price for the bond on this particular day is $495.
B) the closing price for the bond on this particular day is $49.50.
C) the closing price for the bond was $49.50 higher than on the previous trading day.
D) the bond will mature on June 30,2049.

Correct Answer:

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