1 answer

A bond with a par value of $5,000 is quoted at 107.242. What is the dollar...

Question:

A bond with a par value of $5,000 is quoted at 107.242. What is the dollar price of the bond?


Answers

Price of the Bond = Par Value of the Bond   X Quoted Price

Price of the Bond   =   $ 5,000   X   107.242

Price of the Bond    =    $ 5,362.10

Answer = Dollar Price of the Bond = $ 5,362.10

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