A bond with a face amount of ($ 10,000) has a current price quote of 102.875 .

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A bond with a face amount of \(\$ 10,000\) has a current price quote of 102.875 . What is the bond's price?

a. \(\$ 1,028,750\)

b. \(\$ 10,200.88\)

c. \(\$ 10,028.75\)

d. \(\$ 10,287.50\)

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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