A bond with a face value of $100,000 and a quoted price of 102¼ has a selling price of
a. $120,225.
b. $102,025.
c. $100,225.
d. $102,250.
Answer: D
A bond with a face value of $100,000 and a quoted price of 102¼ has a selling price of
a. $120,225.
b. $102,025.
c. $100,225.
d. $102,250.
Answer: D