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

Question

Quizplus · Accepted Answer

Bond prices are given as a percentage of the bond's face value in bond quotations. Choice A is false because not all local newspapers contain information on bond prices. Choice C is not entirely true because while $5,000 is a common face value for corporate bonds, it is not true for all of them. Choice D is also false because the market price of a corporate bond can be obtained through various sources, not just the corporation that issued the bond. Choice E is partially true because calling a stockbroker is one way to find the market price, but not the only way.

Which One of the Following Statements Is True