A bond with a face amount of $12,000 has a current price quote of 107.15. What is

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A bond with a face amount of $12,000 has a current price quote of 107.15. What is the bond’s price?

a. $12,107.15

b. $1,285.80

c. $12,858.00

d. $128,580

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Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 17, 2019 01:06 PM

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A bond with a face amount of $12,000 has a current price quote of 107.15. What is

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Financial Accounting

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