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Andrew Jackson · Answer 1 · 2024-07-05T14:47:52+0000

Answer:

What is its face value?

Nominal Value = Current Price / Percentage of Nominal Price

the current price is 6055 and the percentage of the nominal price is 86.5%.

Nominal value = 6055 / 0.865 = 7000

So the face value of the bond is 7,000.