A bond with a face value of $120,000 and a quoted price of 104 has a selling
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Question:
A bond with a face value of $120,000 and a quoted price of 104 has a selling priceof: (Round your final answer to the nearestdollar.)
A.
$132,000.
B.
$115,385.
C.
$124,800.
D.
$120,000.
Expert Answer:
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