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bri126 bri126
  • 05-05-2016
  • Mathematics
Answered

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

Verified Answer :

bellbell252
bellbell252 bellbell252
  • 05-05-2016

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 %

Answer Link
chisnau chisnau
  • 27-07-2019

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 Link

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