A bond with a face value of ¥200,000,000 and a quoted price of 101¼ has a selling price of
A) ¥220,450,000.
B) ¥202,050,000.
C) ¥200,250,000.
D) ¥202,500,000.

Name: A bond with a face value of ¥200,000,000 and a quoted price of 101¼ has a selling price of A) ¥220,450,000. B) ¥202,050,000. C) ¥200,250,000. D) ¥202,500,000.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

The quoted price of 101¼ means 101.25% of the face value. Therefore, the selling price is 101.25% of ¥200,000,000, which is ¥202,500,000.

A Bond with a Face Value of ¥200,000,000 and a Quoted