A $$1,000$ bond trading at $\frac{1021}{2}$ means that: Multiple Choice The bonds were retired at $$1,025$ each. The bond traded is bought or sold for $$1,025.$ The market rate of interest is $2\mathrm{.}5\%.$ The bond pays $2\mathrm{.}5\%$ interest. The market rate of interest is $\frac{21}{2}\%$ above the contract rate.