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kogti [31]
3 years ago
12

Since bond market values are expressed as a percentage of their bond value, a $1,000 bond that is being sold at 93 would be trad

ing at $ __________.
Business
1 answer:
Sophie [7]3 years ago
5 0

Answer: $930

Explanation:

From the question, we are informed that bond market values are expressed as a percentage of their bond value and are further told that a $1,000 bond that is being sold at 93.

Therefore, the bond will be trading at:

= $1000 × 93%

= $1000 × 0.93

= $930

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