A bond with a face amount of ($ 10,000) has a current price quote of 102.875 .
Question:
A bond with a face amount of \(\$ 10,000\) has a current price quote of 102.875 . What is the bond's price?
a. \(\$ 1,028,750\)
b. \(\$ 10,200.88\)
c. \(\$ 10,028.75\)
d. \(\$ 10,287.50\)
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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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