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A bond with a face amount of $11,000 has a current price quote of 108.55. What is the bond's price? A. $11,940.50 B $119,405 C.
A bond with a face amount of $11,000 has a current price quote of 108.55.
What is the bond's price?
A.
$11,940.50
B
$119,405
C.
$1,194.05
D.
$11,108.55
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Financial Accounting
Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer
3rd Edition
1934319600, 978-1934319604
