A bond originally purchased for $1,000 is listed in the financial press with a quoted price of 96.5. What does this state about the bond?

The companys bonds payable liability is now 96.5% of the original liability.

The bond face value and interest are now 96.5% of the original issue price.

The face value of the bond is now 96.5% of the original issue or $965.

The current selling price of the bond is 96.5% of the face value, which is $965.