Question: 4 A $ 1 , 0 0 0 bond trading at 1 0 2 1 2 means that: 0 1 : 0 5 : 1

4
A $1,000 bond trading at 10212 means that:
01:05:14
Multiple Choice
The bond pays 2.5% interest.
The bond traded is bought or sold for $1,025.
The market rate of interest is 2.5%.
The bonds were retired at $1,025 each.
4 A $ 1 , 0 0 0 bond trading at 1 0 2 1 2 means

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