Question: A $ 1 , 0 0 0 bond treding at 1 0 2 1 5 means that: Multiple Choice The market rate of interest is

A $1,000 bond treding at 10215 means that:
Multiple Choice
The market rate of interest is 2.5%.
The market rate of interest is 2W% above the contract rate.
The bond traded is bought or sold for $1,025.
The bond pays 2.5% interest.
The bonds were retired at $1,025 each.
A $ 1 , 0 0 0 bond treding at 1 0 2 1 5 means

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