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A $1,000 bond quoted at 104 would sell for a) $104 b) $1000 c) $1040 d) $1104
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Sep 11, 2019
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A $1,000 bond quoted at 104 would sell for
a) $104
b) $1000
c) $1040
d) $1104
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Xpleria
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$1,000 bond quoted at 104 would sell for 104%*1,000. 104% * 1,000 = 1.04 * 1,0000 = $1.040
answer is c.$1040
Dimitris Bouzikas
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Sep 15, 2019
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Dimitris Bouzikas
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