A bond with a face value of $10,000 has a current price quote of 102.62.The price in dollars and cents is
A)$10,002.62.
B)$10,200.62.
C)$10,026.20.
D)$10,262.00.

Name: A bond with a face value of $10,000 has a current price quote of 102.62.The price in dollars and cents is A)$10,002.62. B)$10,200.62. C)$10,026.20. D)$10,262.00.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The price quote of 102.62 means the bond is priced at 102.62% of its face value. Therefore, the price in dollars is $10,000 * 102.62% = $10,262.

A Bond with a Face Value of $10,000 Has a Current