When a bond sells for 102,the bond is selling at ________.
A)a discount
B)a premium
C)par
D)face value

Question

Quizplus · Accepted Answer

When a bond is selling for more than its face value, it is selling at a premium. A bond selling for 102 means that it is selling for 102% of its face value, indicating a premium. A discount would be when the bond is selling for less than its face value, and par would be when the bond is selling exactly at its face value.

When a Bond Sells for 102,the Bond Is Selling at ________