If a $1,000 bond is quoted at 96, what is the current selling price of this...

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If a $1,000 bond is quoted at 96, what is the current selling price of this bond and what kind of bond is that? Cant determin

business accounting

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Answer 1

Answer #1

Solution:

Current selling price of bond = $1,000*96% = $960

As bond current selling price is lesser than its face value, therefore bond is a discount bond.

Hence 3rd option is correct.

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Answer 2

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If a $1,000 bond is quoted at 96, what is the current selling price of this...

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If a $1,000 bond is quoted at 96, what is the current selling price of this...

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Assume that a $1,000 bond paying 12.00% interest is quoted at 96. What is the current...

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If a $1,000 bond is quoted at 96, what is the current selling price of this...

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Add Answer to: If a $1,000 bond is quoted at 96, what is the current selling price of this...

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If a $1,000 bond is quoted at 96, what is the current selling price of this...