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Reptile [31]
3 years ago
5

If a $1,000 bond is selling for 97, what is the selling price in dollars

Business
2 answers:
Degger [83]3 years ago
7 0
The Answer for this question is $970
nadya68 [22]3 years ago
7 0

Answer:

$ 970

Explanation:

A $1,000 bond with a selling price of 97 means the selling price of the bond is 97 % of the face value or original price.

In this case:

Original = $ 1 000

Selling   = 97

             = 0.97

The value = 0.97 × 1000

                = $ 970

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