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A bond is currently selling for $6055, which is 86.5% of its face value. What is its face value?

A bond is currently selling for $6055, which is 86.5% of its face value. What is its face value?
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1 vote
A bond is currently selling for $6055, which is 86.5% of its face value. What is its face

value?

User Harry J
by
7.8k points

1 Answer

10 votes
The answer should be 7,000
User Kevin Andrid
by
7.7k points
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