A $1,000 bond quoted at 104 would sell for a) $104 b) $1000 c) $1040 d) $1104

1 answer:

6 0

$1,000 bond quoted at 104 would sell for 104%*1,000. 104% * 1,000 = 1.04 * 1,0000 = $1.040
answer is c.$1040<span>
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