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25 April, 18:58

What is the price of a $1,000 face value bond if the quoted price is 102.1? $102.10 $1,021.00 $1,020.01 $1,002.10 $1,020.10?

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  1. 25 April, 19:15
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    Given that the par value of the bond is $1000 and the quoted price is $102.1, then the price of the bond will be:

    Price = (quoted price)

    Price=102.1

    Price=$102.1

    Answer: $102.1
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