Bonds with a face value of $300,000 and a quoted price of 102 have a selling price of
a. $360, 675.
b. $306, 075.
c. $300, 675.
d. $306, 750.

Question

Bonds with a face value of $300,000 and a quoted price of 102     have a selling price of
a. $360, 675.
b. $306, 075.
c. $300, 675.
d. $306, 750.

Deana · Accepted Answer

d. $306, 750. 
Face value of bond= $3000,000
Quoted price= (102*4+1)/4
                  = (409/4)%
                  = 1.0225
Thus selling price= 3000,000*1.0225
                         = $306, 750.

Bonds with a face value of $300,000 and a quoted price of 102 have a selling price of

a. $360, 675.

b. $306, 075.

c. $300, 675.

d. $306, 750.

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Unlock this answer

Bonds with a face value of $300,000 and a quoted price of 102 have a selling price of a. $360, 675. b. $306, 075. c. $300, 675. d. $306, 750.

Unlock this answer

Unlock this answer

Bonds with a face value of $300,000 and a quoted price of 102 have a selling price of

a. $360, 675.

b. $306, 075.

c. $300, 675.

d. $306, 750.