If you bought a corporation bond that was selling for 155 1/4, how much would it cost you?
A) $155.25
B) $1555.25
C) $1552.50
D) $1000.00
E) It depends on how much demand there is for the bond.

Question

Quizplus · Accepted Answer

First, convert 155 1/4 to a decimal by dividing the fraction:
155 + 1/4 = 155.25
Next, multiply the decimal by the face value of the bond, which is usually $1000:
155.25 x 1000 = $155250
Therefore, the bond would cost $1552.50.

If You Bought a Corporation Bond That Was Selling for 155