Question
Please gives a step-by-step answer. Thanks! ------------------------- You are looking up bond prices in the newspaper and you find the following quote for a $1,000
Please gives a step-by-step answer. Thanks!
-------------------------
You are looking up bond prices in the newspaper and you find the following quote for a $1,000 face value treasury bond: 103:26. What is the price of this bond?
| a. | $103.26 |
| b. | $1,038.13 |
| c. | $1,032.60 |
| d. | $1,000 |
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Smart Supply Chain Finance
Authors: Hua Song
1st Edition
9811659966, 978-9811659966
