A bond with a face value of $1,000 has a current price quote of 98.00.This bond is selling for
A) $1,080.00.
B) $1,030.00.
C) $980.00.
D) $880.00.

Name: A bond with a face value of $1,000 has a current price quote of 98.00.This bond is selling for A) $1,080.00. B) $1,030.00. C) $980.00. D) $880.00.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The current price quote of 98.00 means the bond is selling for 98% of its face value. Therefore, the current price of the bond is (98/100) x $1,000 = $980.00.

A Bond with a Face Value of $1,000 Has a Current