Question

The dollar price of a 1,000.00 face value bond is 991.25. this bond is listed at...

Answer 1

Answer:

The answer is : The bond is listed at 99.125%.

Step-by-step explanation:

Given is - The dollar price of a 1,000.00 face value bond is 991.25.

So, the purchase price is $991.25 and the bonds are worth of $1,000.

Hence, the bond is listed at:

$\frac{991.25}{1000}\times100$ = 99.125%

The bond is listed at 99.125%.

Answer 2

If the price is $991.25 and the value of the bond is $1,000, the bond is listed at:
$\frac{991.25}{1000}$= .99125 or 99.125 %