Which one of the following statements is true?
A)All metropolitan newspapers contain information on bonds.
B)In bond quotations,prices are given as a percentage of the face value.
C)The face value for most corporate bonds is $5,000.
D)To find the actual price of a corporate bond,you must contact the corporation that originally issued the bond.
E)To find the actual price of a corporate bond,you must call a stockbroker.

Question

Quizplus · Accepted Answer

Bond quotations typically list prices as a percentage of the bond's face value, which is a standard practice in the financial industry. This allows investors to easily compare the value of bonds with different face values.

Which One of the Following Statements Is True