Question: A $ 1 , 0 0 0 bond trading at 1 0 2 1 2 means that: Help Save & Exit Submit Multiple Choice The

A $1,000 bond trading at 10212 means that:
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The market rate of interest is 212% above the contract rate.
The market rate of interest is 2.5%.
The bonds were retired at $1,025 each.
The bond traded is bought or sold for $1,025.
The bond pays 2.5% interest.
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A $ 1 , 0 0 0 bond trading at 1 0 2 1 2 means

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