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Assume a $1000 par value bond has a price quote of 107.25. What is the price of the bond? $1,056.00 $972.50 $1,072.50 $956.00

Assume a $1000 par value bond has a price quote of 107.25. What is the price of the bond?

$1,056.00

$972.50

$1,072.50

$956.00

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