A bond with a face value of $90,000 and a quoted price of 106 has a selling price of: (Round your final answer to the nearest dollar.)
A)$84,906.
B)$90,000.
C)$95,400.
D)$99,000.

Question

Quizplus · Accepted Answer

The selling price of a bond is the quoted price multiplied by the face value. In this case, the quoted price is 106, which means that the bond is selling for 106% of its face value. Therefore, the selling price is 106% x $90,000 = $95,400.

A Bond with a Face Value of $90,000 and a Quoted