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DedPeter [7]
3 years ago
15

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

Mathematics
2 answers:
a_sh-v [17]3 years ago
8 0

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%.

lisabon 2012 [21]3 years ago
5 0
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 %
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