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3 years ago

A bond with a par value of $5,000 is quoted at 103.936. What is the dollar price of the bond?

Business

1 answer:

DochEvi [55]3 years ago

6 0

Answer:

C. $5,196.80

Explanation:

Calculation for the dollar price of the bonds

Let find the dollar price of the bonds using this formula

Dollar price=Per value bond amount × The Per value quoted percentage 103.936/100=1.03936

Dollar price =$5,000×1.03936

Dollar price =$5,196.80

Therefore the dollar price of the bonds will be $5,196.80

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Answer:

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Answer:

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Explanation:

Definition of fiscal policy:

Fiscal policy is the use of government revenue, expenditure, and taxation to influence aggregate demand to achieve some targeted macroeconomic objectives, some of which are economic growth and development, stability in general price level, favorable balance of payment, e.t.c.

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