Question: A $ 5 , 0 0 0 bond with a quoted price of 1 0 2 indicates: C ) Face interest rate is higher than

A $5,000 bond with a quoted price of 102 indicates:
C) Face interest rate is higher than market rate.
Market interest rate is higher than face rate.
Interest expense on the issuer's books is too high.
An error in the broker's pricing model.
A $ 5 , 0 0 0 bond with a quoted price of 1 0 2

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