A bond is listed in a newspaper at a bid of 103.2922. This quote should be interpreted to mean:

Multiple Choice

the bond will pay semiannual interest payments of $103.2922 per $1,000 of face value.

you can sell that bond at a price equal to 103.2922 percent of face value.

the bond will pay annual interest payments of $103.2922 per $1,000 of face value.

you can buy that bond at a price equal to 103.2922 percent of face value.

the bond dealer is willing to sell that bond for a price equal to 103.2922 percent of par.