Question

A bond quoted at 93 (1/8) is equal to ___ per 1,000.00 of the face amount.

Answer 1

The number a bond is the percentage of the value of the bond that the bond is worth. Because the bond is quoted at 93, the bond is worth $930 per $1,000.

Answer 2

$931.25

Explanation:

Given a bond is quoted at
`93(1)/(8)`

let the Face value of the amount = $1000

therefore, the price/cost =
`(93.125)/(1000)*100`

= $931.25

Therefore, the bond quoted at
`93(1)/(8)` is equal to $931.25 per 1000 of the face value.

Hope you got the point, feel free to ask doubts