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Question 11 A bond is currently quoted at 103.92; If you chose to buy this bond today at the currently quoted price, how much would

Question 11

"A bond is currently quoted at 103.92; If you chose to buy this bond today at the currently quoted price, how much would you pay for the bond (Par value of the bond is $1,000)?"

"$1,039.20 "

"$1,000.00 "

$103.92

$962.28

$896.08

"$1,103.92 "

($39.20)

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