Answered step by step
Verified Expert Solution
Question
1 Approved Answer
f a bond is quoted in the newspaper at 78.5, what is its price? (Round your answer to 2 decimal places.) Multiple Choice $1,000.00 $7.85
f a bond is quoted in the newspaper at 78.5, what is its price? (Round your answer to 2 decimal places.)
Multiple Choice
-
$1,000.00
-
$7.85
-
$785.00
-
$1,078.50
-
$78.50
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started